Americans continue to recover wealth lost during recession

|By:, SA News Editor

The net worth of U.S. households and nonprofit organizations increased 2.6% in Q3 to $77.3T, although that's still around 1% below the pre-recession peak, when adjusted for inflation.

Rising shares prices boosted the figure by $917B and increasing home values by $428B.

Total mortgage debt rose 0.9% on quarter, while consumer debt climbed 6%.

Debt as a proportion of income was 99%, down from a high of 125% before the recession. (PR)