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.

BING NEWS:
  • Far from credit crunched, US household wealth is soaring
    But it would need a pretty major pullback to wipe out the positive wealth effects of recent years. Last year alone, equity valuations added $7.39 trillion to total household net worth. Zooming out ...
    06/21/2024 - 3:49 am | View Link
  • Wealth is soaring in America. Or is it?
    But if you want a true picture of wealth in America, you should look at how all that wealth is distributed. Let me illustrate. Let’s say you have 100 people and 99 of them have ...
    06/11/2024 - 5:43 am | View Link
  • 5 Foreign Countries That Own the Most U.S. Debt
    As of May 31, 2024, the government's total debt is $34.67 trillion. As of March 2024 ... funds in local holding companies. Much of this wealth is then invested in various securities, including ...
    06/10/2024 - 1:16 pm | View Link
  • China's slowing economy, Xi's government tactics leave American investors wary
    Making matters worse, the Chinese economy has hit a wall: export growth is slowing, the country's drowning in debt, and youth unemployment has soared ... a family household average wealth is ...
    06/9/2024 - 12:02 pm | View Link
  • US household wealth soars to a new record as stocks march higher
    New data published by the Federal Reserve shows that U.S. household wealth hit a new record in the first quarter as the stock market kept climbing higher.
    06/7/2024 - 9:02 am | View Link
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