US household net worth rose by record $7.61 trillion in 2nd quarter

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Stocks, small credit growth

the Federal Reserve is reporting that the 2nd quarter US net worth grew to $118.9 trillion. That is up $7.61 trillion in the 2nd quarter. The household net worth is a record

  • Real estate value gained $0.5 trillion
  • federal debt rose by record 59% in the 2nd quarter
  • biggest drop ever in consumer credit outstanding
  • consumer credit fell by 6-6.8%
  • mortgage debt rose by 3%
  • biggest quarterly gain ever and household net worth
  • equity values rose by $5.7 trillion

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