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Household net worth increased by $2.9 trillion in 4Q

Household net worth increased by $2.9 trillion in 4Q

US household net worth rose by $2.9 trillion in the 4Q. The gains were led by corporate equity

  • consumer credit continued to expand at a robust 7% base
  • overall household debt growth slowed to an annual pace of 2.3% as a result of a slowdown in mortgage growth and a decline in other debt the average since 2020 has been a 7%
  • nonfinancial business debt increased at an annual rate of 3.6%, mainly reflecting growth in mortgages and other loans
  • value stocks increas... Read More
Posted: Mar 9 2023, 17:33
Author Name: forexlive
Views: 082115

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