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U.S. Household Net Worth Hits Highest Level Ever


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U.S. Household Net Worth Hits Highest Level Ever

WASHINGTON—A resurgent stock market and fiscal stimulus propelled the net worth of U.S. households to the highest level ever in the second quarter, despite a record drop in the previous three months caused by an economic shock from the pandemic. The net worth of American households and nonprofit organizations jumped 6.8% in the second quarter…

WASHINGTON—A resurgent stock market and fiscal stimulus propelled the net worth of U.S. households to the highest level ever in the second quarter, despite a record drop in the previous three months caused by an economic shock from the pandemic.

The net worth of American households and nonprofit organizations jumped 6.8% in the second quarter from the first, to $118.96 trillion. That is about $380 billion more than at the end of 2019, before the coronavirus pandemic wiped out more than $7 trillion of household wealth.

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