U.S. household wealth rose to a record $144.7 trillion at the end of the third quarter, a report from the Federal Reserve showed on Thursday, though the $2.4 trillion gain over the period was the smallest since the rebound from the coronavirus pandemic began.
Real estate values added around $1.4 trillion to overall wealth, according to the U.S. central bank’s latest quarterly report on household, business, and government financial accounts. The value of equities held by households and nonprofits fell by $300 billion.
