US household wealth rose to a fresh record in the third quarter, fueled by a stock-market rally ahead of the presidential election.
US household wealth rose to a fresh record in the third quarter, fueled by a stock-market rally ahead of the presidential election.
Household net worth increased nearly $4.8 trillion, or 2.9% from the prior quarter, to $168.8 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings rose $3.8 trillion. The value of real estate eased by almost $200 billion after sizable advances in the first half of the year.
