U.S. Household Net Worth Rose by $2.070 Trillion in 3rd Quarter
December 06 2018 - 11:29AM
Dow Jones News
By Harriet Torry
The total net worth of U.S. households rose to $109 trillion
during the third quarter of 2018, as higher property and stock
prices boosted the wealth of Americans.
The increase on the quarter was 1.9% or $2.070 trillion,
bringing household net worth to $109.04 trillion, according to data
the Federal Reserve released Thursday. That was a smaller increase
than the revised $2.278 trillion advance in the second quarter.
Household wealth in the stock market increased by about $1.22
trillion in the third quarter, reflecting higher equity
valuations.
The value of households' real estate increased by about $298.4
billion. While home valuations remained high in the quarter, that
advance was much smaller than the $363.4 billion gain in the second
quarter.
The figures are from a quarterly report known as the Flow of
Funds, which tracks the aggregate wealth of all U.S. households and
nonprofit organizations. The report provides no details of how that
wealth is distributed between households. The figures aren't
adjusted for inflation.
Write to Harriet Torry at harriet.torry@wsj.com
(END) Dow Jones Newswires
December 06, 2018 12:14 ET (17:14 GMT)
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