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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