US Households Wealth Up

US Households Wealth Up hitting a record high in Q4

USWealth

US household wealth The Federal Reserve reported that the US net worth reached a record high of $82.91 trillion in the fourth quarter of 2014. During this period, household wealth rose by 1.9% that is $1.52 trillion comparing to the third quarter of the same year.

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This increase is considered to be the highest since the fourth quarter of 2013. Growing US house prices and stock market contributed to the indicator’s consolidation during the October-December period. In particular, the Standard &Poor’s 500 index expanded by 4.4% during the last three months of 2014. The pre-crisis high of $68.8 trillion of the US household wealth was logged in the second quarter of 2007.