Wealth of American households hit a nominal record of $77.3 trillion in the third quarter
The wealth of American households hit a nominal record of $77.3 trillion in the third quarter, according to data released this week by the Federal Reserve. The third-quarter household wealth number wasn’t a record on an inflation-adjusted basis but given the stock market’s rally since Sept. 30, it’s almost certainly at a record now.
No wonder most Americans aren’t feeling very good about their finances these days. Nearly a-third of Americans believe we’re still in a recession and 39% say the national economy is getting worse, according to a recent poll by American Research Group.