U.S. Household Net Worth Jumps to a Record on Equities, Housing
- Real estate, stocks add combined $4 trillion in fourth quarter
- Business debt outstanding rose an annualized $1.2 trillion
Photographer: David Paul Morris/Bloomberg
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U.S. household net worth jumped to a fresh record in the fourth quarter on rising stock prices and higher home values.
Household net worth increased by $5.3 trillion, or 3.7%, after a more moderate gain in the third quarter, a Federal Reserve report showed Thursday. The fourth-quarter advance pushed net worth to more than $150 trillion.