U.S. household net worth rose by $1.19T in Q4 to $58.5T, according to the Fed's latest flow of...

|By:, SA News Editor

U.S. household net worth rose by $1.19T in Q4 to $58.5T, according to the Fed's latest flow of funds report (.pdf) - the first increase in 3 quarters. Rising stock prices and a somewhat-improving job market offset a $367.4B decline in the value of household real estate. Nonetheless, household debt rose 0.3% Y/Y after steadily falling for 3 years, and other forms of consumer credit rose 6.9%.