Rising home prices, stock gains boost families’ net worth by Elaine360

micro-livingThe net worth of U.S. households and nonprofits shot up $1.3 trillion in the second quarter thanks to rising home prices and stock market gains, according to a Federal Reserve report released today.

Collectively, American households’ balance sheets rose 1.8 percent in the quarter to $74.82 trillion, the highest level since 1945 without considering the effects of inflation.

 

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