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.
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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.