2024 Q2 U.S. household net worth hit a record $163.8 trillion, driven by real estate and stock gains, but debt increased and raised sustainability concerns.
In Q2 2024, U.S. household net worth surged to a record $163.8 trillion, fueled by $1.8 trillion in real estate gains and a $700 billion increase in stock values. However, household debt rose by 3.2%, alongside significant increases in federal and local government debt, raising concerns over sustainability. This fiscal pressure could hinder future economic growth, despite recent gains in wealth.
September 12, 2024
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