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September 21, 2018

U.S. household wealth record: $106.9T

  • The gain is concentrated among the most affluent: stock and mutual fund portfolio values rose $800 billion last quarter; home values increased $600 billion.
    AP Economics Writer

    WASHINGTON — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent.

    The value of Americans' stock and mutual fund portfolios rose $800 billion last quarter, while home values increased $600 billion, the Federal Reserve said Thursday. Total household wealth is now 2.1 percent higher than in the first quarter, when it was $104.7 trillion.

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