Reported 6 months ago
U.S. household wealth reached over $160 trillion in the first quarter of 2024, driven by stock market gains and real estate appreciation. Household net worth rose by $5.1 trillion, with equity holdings contributing $3.8 trillion, while real estate value growth and other asset increases made up the rest. The S&P 500 Index rose by 10.6% in Q1, reaching new highs. Total nonfinancial debt rose by 4.5%, with federal debt growing by 6.2%, household debt by 2.9%, and business nonfinancial debt by 4%.
Source: YAHOO