Comment on Household Wealth Jumps $2.1 Trillion In Last Quarter

Household Wealth Jumps $2.1 Trillion In Last Quarter

WASHINGTON (Reuters) - Household wealth rose by $2.1 trillion in the fourth quarter and their debt contracted at the slowest pace since 2008 as consumers stepped up spending and boosted the fragile economic recovery.Gains made in investments such as mutual funds boosted overall household wealth to $56.8 trillion even as the value of real estate fell, data released by the Federal Reserve showed on Thursday.Read More... More on The Fed

 

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