Fed Says Total U.S. Household Net Worth Rose in Second Quarter

Fed Says Total U.S. Household Net Worth Rose in Second Quarter

The total net worth of U.S. households pushed farther into record territory, this is thought to be correlated with improving home values and stock prices. The net worth of U.S. households and nonprofits, defined as the total of all assets minus all liabilities, rose by $1.7 trillion in the second quarter of 2017 to $96.2 trillion, according to a report Thursday from the Federal Reserve. “The healthy state of the U.S. household balance sheet continues to be one of the key themes underpinning our broad economic view that the current expansion is far from over,” Tom Porcelli, an RBC economist, said.

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