U.S. Household Wealth at Record With $2.35 Trillion Gain: Chart
(Bloomberg) -- Americans are making out well this year, as surging equity and house prices boost their finances. Net worth for U.S. households and non-profit groups rose to a record $94.84 trillion in the first quarter, a gain of $2.35 trillion or 2.5 percent, from the prior three months, Federal Reserve figures showed Thursday. That's left the pre-recession peak from 2007 far behind, by a whopping $27 trillion.
To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net.
To contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Sophie Caronello
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