Household wealth recovered from the stock-market dive in December, with first-quarter net worth growing 4.5%, or $4.69 trillion, to a new high of $108.64 trillion.
In the first quarter, the value of equities SPX, +0.24% jumped by $3.2 trillion and the value of real estate rose $387 billion. Directly held equities made the biggest gains, rising by $1.9 trillion, while so-called indirectly held equities rose a lesser $1.3 trillion. Businesses, on the other hand, are racking up debt more quickly. Amid warnings about leveraged lending, nonfinancial business debt jumped by 6.6%.
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How many families?
But those folks pay almost no taxes if any so GDP is not affected because people who work for a living pay the freight not those who save for a living ..... Empty claim big time
What’s household debt?
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