U.S. household wealth jumped to a new high of $141.7 trillion at the end of June, a report from the Federal Reserve showed on Thursday, boosted by stock market gains and a pandemic-induced real-estate boom.
Soaring equity markets fueled the increase in overall wealth, adding $3.5 trillion to household assets in the second quarter—a period in which the S&P 500 saw a total return of just over 8.5 percent after factoring in reinvested dividends.
