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Federal Reserve reports first-quarter Household net worth rises by $3 trillion

First-quarter household net worth rose $3 trillionHousehold debt is up by 2.2%Stock gains added $2.4 trillionReal estate declined by $600 billion for the 3rd straight quarterly declineGovernment debt rises 4.5% in Q1Business debt up 3.8% in Q1Household assets in money markets rose by $300 billion to a record $3.3 trillionThe gains underline the storyline of why the consumer remains in play and continues to buy. It's old news but making more money begets more spending. This artic... Read More

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Federal

Reserve

Reports

First

Quarter

Household

Worth

Rises

First quarter

Trillion

Forex

Posted: Jun 8 2023, 16:23

Author Name: forexlive

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