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December 7, 2018

U.S. household wealth soared $1.2T in 3Q

  • The third quarter stock rally — since reversed — drove household net worth to $109 trillion.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — A stock market rally, which has since reversed, propelled U.S. household net worth to a record high of $109 trillion in the July-September quarter.

    The Federal Reserve said Thursday that the value of Americans' stock and mutual fund holdings soared $1.2 trillion. Home values rose $200 billion. Other assets, such as bank accounts, also increased. Total net worth climbed $2 trillion from nearly $107 trillion in the April-June quarter.


     
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