U.S. household wealth increases

|By:, SA News Editor

The net worth of U.S. households climbed 1.9% in the first quarter of 2014, to $81.8T, with Americans' wealth boosted by rising house prices and the stock market.

Data from the Fed shows the recovery of household wealth, up 11% on a year ago and 43% since the the recession in 2008, as low interest rates push up asset prices.

However, it looks as if inequality has also increased, as most of the gains have gone gone to wealthy households that own stocks and large houses.