Household Wealth Drops For Third Straight Quarter

  • American household wealth dropped by $400 billion in the third quarter due to stock price declines outpacing real estate gains, according to the Federal Reserve.
  • A Friday report from the Fed shows household net worth declined from $143.7 trillion at the end of June to $143.3 trillion at the end of Sept., Reuters reported.
  • It was the third consecutive quarter household wealth declined following a record drop in the second quarter.
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.