Comment on U.S. household wealth soared to $161 trillion in the first quarter

U.S. household wealth soared to $161 trillion in the first quarter

The Federal Reserve figures show that rising equity prices are mostly responsible for the increase. The U.S. consumer’s resilience to prolonged elevated borrowing costs has shown signs of wilting recently, but barring a deep downturn in the labor market, soaring household wealth should ensure it doesn’t crack.

 

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