The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade.
Of that total, $3.2 trillion came from equity holdings, while $1 trillion was due to the continued escalation in real estate values. The S&P 500 gained 7 percent for the quarter as investors continued to count on rising corporate earnings and accommodative fiscal and monetary policy, while also placing speculative bets on so-called meme stocks.
From a historical perspective, household net worth has nearly doubled from its level of a decade ago as the nation was still escaping the throes of the financial crisis.
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