U.S. Household Net Worth Rises To $81.5 Trillion In Q2 first appeared on Floating Path
The Federal Reserve published its quarterly Z.1 report yesterday (also known as the Flow of Funds report) which summarizes the balance sheets for U.S. households.
Household net worth increased to $81.5 trillion in the second quarter from $80.1 trillion in the first quarter, and is up 10.4% from last year.
The technology industry has long been on the receiving end of billions of dollars in capital, but what's next for the industry? Greylock General Partner Sarah Guo joined Wall Street Journal reporter Zoe Thomas to talk about the future of tech investment. Q3 2021 hedge fund letters, conferences and more Seed Funding Thomas asked Guo Read More
Assets increased to $95.4 trillion from $93.9 trillion and liabilities increased to $13.9 trillion from $13.8 trillion.
Financial assets as a share of total assets increased to 70.3% in Q2 from 70.1% in Q1.
This was driven largely by increases in corporate equities.
Home mortgages as a share of liabilities declined to only 67.2% from a high of 75.0% in 2009.