In Q1 2024, US household wealth reached a record $160 trillion, driven by stock market growth and real estate gains.
US household wealth reached a record high of over $160 trillion in Q1 2024, according to Federal Reserve data, driven by stock market growth and real estate gains. Household net worth increased 3.2% or $5.1 trillion, with equity holdings accounting for $3.8 trillion of the rise. The S&P 500 Index rose 10.6% during the first quarter, while the value of real estate held by households grew by $0.9 trillion.
June 07, 2024
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