financetom
Market
financetom
/
Market
/
US household wealth hits record $163.8 trln on real estate gains
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US household wealth hits record $163.8 trln on real estate gains
Sep 13, 2024 12:39 PM

(Reuters) - U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values as well as a rise in the stock market, data from the Federal Reserve showed on Thursday. 

The net worth of households and non-profits as of the end of June topped the $161 trillion reported for the first quarter, as the value of real estate holdings increased $1.8 trillion and the value of equity holdings rose $700 billion. Household debt also rose, at an annualized rate of 3.2%, the report showed. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS SNAPSHOT-Wall Street opens slightly higher on rate cut optimism
US STOCKS SNAPSHOT-Wall Street opens slightly higher on rate cut optimism
May 7, 2024
May 7 (Reuters) - U.S. stock indexes opened slightly higher on Tuesday, with the S&P 500 and Nasdaq extending gains for a fourth straight session, buoyed by expectations that the Federal Reserve will ease monetary policy this year. The Dow Jones Industrial Average rose 6.7 points, or 0.02%, at the open to 38858.94. The S&P 500 rose 6.5 points, or...
TREASURIES-Yields droop on hopes for Fed ease as big Treasury auctions loom
TREASURIES-Yields droop on hopes for Fed ease as big Treasury auctions loom
May 7, 2024
NEW YORK, May 7 (Reuters) - Treasury yields slipped on Tuesday, with traders focused on absorbing $125 billion in new supply this week, while a parade of Federal Reserve officials is queued up to speak on prospects for a 2024 policy pivot. The benchmark 10-year yield slipped to a near three week low, continuing its fall last week after with...
Gold Edges Down Despite Weakening Yields and Uncertain Geopolitical Outlook
Gold Edges Down Despite Weakening Yields and Uncertain Geopolitical Outlook
May 7, 2024
09:38 AM EDT, 05/07/2024 (MT Newswires) -- Gold edged lower early on Tuesday despite falling treasury yields amid an uncertain geopolitical outlook as Israel and Hamas continue indirect talks for a ceasefire deal. Gold for June delivery was last seen down US$5.30 to US$2.325.90 per ounce. The drop comes on growing expectations for a deal in the war between Israel...
US STOCKS-Wall St extends gains as rate-cut hopes linger
US STOCKS-Wall St extends gains as rate-cut hopes linger
May 7, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Tesla falls on China-made EV sales drop in April * Walt Disney ( DIS ) falls on weaker TV business in Q2 * Palantir ( PLTR ) slides on lower-than-expected annual rev. forecast * Indexes up: Dow 0.16%, S&P...
Copyright 2023-2026 - www.financetom.com All Rights Reserved