The Q1 US household net worth fell to US$149.3 trillion.Stock market values fell by $3.0 trillion in Q1. Real estate added about $1.7 trillionHousehol
The Q1 US household net worth fell to US$149.3 trillion.
- Stock market values fell by $3.0 trillion in Q1.
- Real estate added about $1.7 trillion
- Household debt grew by 8.3% annualized in Q1
- business debt rose by 8% annualized
- federal government debt rose by 14.9% annualized
- state and local debt contracted by 3% annualized
The last time US household net worth contracted was in the Q1 of 2020.The Q2 will also likely see a decline.
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