Fed: Stocks And Real Estate Boost Household Net Worth (For The Rich) In Q2

The Fed’s latest statistical release on Financial Accounts of the United States observes that the aggregate net worth of households and non-profits during the second quarter of 2014 reached $81.5 trillion. The rise of $1.4 trillion was accounted mostly by higher equities (up $1.0 trillion) and real estate (higher by $ 230 billion). The chart below, constructed from Fed figures, shows that household net worth has expanded at a steady pace since the great financial crisis. Household net worth – The picture on the liabilities side Statistics showed that domestic borrowings, other than from the financial sector, rose only 3.8%…