The net worth of American households dropped by $6.1 trillion in the second quarter of 2022, triggered by a decline in the stock market, according to a latest report by the Federal Reserve. Total net worth of households and nonprofit organizations at the end of the second quarter was at $143.8 trillion, according to the…
Americans’ Household Wealth Falls by Record $6.1 Trillion
September 12, 2022
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Business & Marketseconomic recessioneconomyhigh inflationHousehold debt ratiohousehold spendinghousehold wealthMarketspersonal financerecessionUS
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