US Household Net Worth Up 3.9% To $53.14 Trillion In 2Q

US Household Net Worth Up 3.9% To $53.14 Trillion In 2Q



Household wealth rose in the second quarter at a 17% annual rate, or $2 trillion, to $53.1 trillion after falling at a 13% rate in the first quarter, the Fed said. It was the first time since the second quarter of 2007 that wealth had increased. Net worth is down $12.2 trillion from the peak in 2007, an indication of how much the collapse in stock prices and home prices have hurt. Read the full report.

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