By Harriet Torry
The total net worth of U.S. households rose to $109 trillion during the third quarter of 2018, as higher property and stock prices boosted the wealth of Americans.
The increase on the quarter was 1.9% or $2.070 trillion, bringing household net worth to $109.04 trillion, according to data the Federal Reserve released Thursday. That was a smaller increase than the revised $2.278 trillion advance in the second quarter.
Household wealth in the stock market increased by about $1.22 trillion in the third quarter, reflecting higher equity valuations.
The value of households' real estate increased by about $298.4 billion. While home valuations remained high in the quarter, that advance was much smaller than the $363.4 billion gain in the second quarter.
The figures are from a quarterly report known as the Flow of Funds, which tracks the aggregate wealth of all U.S. households and nonprofit organizations. The report provides no details of how that wealth is distributed between households. The figures aren't adjusted for inflation.
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(END) Dow Jones Newswires
December 06, 2018 12:14 ET (17:14 GMT)
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