Surging Stock Market Powers Us Wealth To $96.2 Trillion

WASHINGTON (AP) — A healthy gain in the stock market and steadily increasing home prices boosted Americans' household wealth this spring, a trend that likely adds to the nation's inequality. The Federal Reserve said Thursday Americans' net worth rose 1.8 percent to $96.2 trillion in the April-June quarter. Stock portfolios and mutual funds jumped $1.1 trillion.

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