Household net worth inches higher as housing and financial markets moderate
Households were slightly wealthier in the second quarter than they were in the first quarter, as their net worth—the value of all assets minus all liabilities—edged up $42.4 billion (+0.2%) to $17,007.6 billion. Despite slowing financial markets and a softening housing market, the value of household total assets surpassed $20 trillion for the first time in the second quarter.
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