U.S. household net worth hits record in second qtr, Fed says

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U.S. household net worth hits record in second qtr, Fed says
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Household net worth rose 3.7% to $154.28 trillion in the period from April through June from $148.79 trillion at the end of the first quarter, the Fed said in its quarterly snapshot of the balance sheets of households, businesses and federal, state and local governments. The value of holdings of equities increased $2.6 trillion, while real estate values rose by about $2.5 trillion.

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