U.S. Household Wealth Hit Record $96.9 Trillion Last Quarter
Three Must-See Charts About Household Wealth
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U.S. household wealth in the third quarter rose to another record, driven by a stock-market surge and rising property values, figures from the Federal Reserve in Washington showed Thursday.
The gain in the value of financial assets reflects a 4 percent rise last quarter in the Standard & Poor’s 500 Index, which is hovering near a record high this month. Households also benefited as house prices climbed 6.2 percent in September from a year ago, the most since mid-2014, based on S&P CoreLogic Case-Shiller 20-city data.