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:
  • If The Average American Household Is A Millionaire With A Net Worth Of $1.06 Million, Why Do People Feel So Broke?
    The mean net worth of the average household has ascended to $1.06 million ... The top 1% of American households hold 30% of U.S. wealth – a massive $44.6 trillion. Wealth inequality becomes starkly ...
    11/8/2024 - 2:21 pm | View Link
  • America's top 10% controls 60% of the wealth. The bottom half holds 6%.
    The wealth analysis draws from the 2022 Survey of Consumer Finance, which found that household wealth in America swelled at a record pace during the pandemic. From 2019 to 2022, the median net worth ...
    10/23/2024 - 10:21 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News