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Sept 9 (Reuters) - U.S. household wealth fell by a record $6.1 trillion in the second quarter to its lowest in a year as a bear market in stocks far outweighed further gains in

NEW YOKR, Sept 10US household wealth fell by a record US$6.1 trillion (RM27.4 trillion) in the second quarter to its lowest in a year as a bear market in stocks far outweighed further gains in

UPDATE 1-U.S. household wealth suffers record drop in second quarter

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Effect of inflation? US household wealth suffers a record drop

U.S. household wealth falls again in second quarter, Fed says

U.S. household wealth suffers record drop in second quarter

The Net Drop In Wealth

Household Wealth Suffers Record $6.1 Trillion Drop in 2nd Quarter

The net drop in wealth in the second quarter was about $30 billion larger than the previous record decline notched two years earlier, as the onset of the COVID-19 pandemic

The fallout of a high inflation-laden economy is being borne by US households. The wealth fell by a record $6.1 trillion in the Q2.

Household Net Worth Tumbled To

U.S. Household Wealth Suffers Record Drop in Second Quarter

“Household net worth tumbled to $143.8 trillion at the end of June from $149.9 trillion at the end of March, its second consecutive quarterly decline, the Fed’s quarterly snapshot

US household wealth suffers record drop in second quarter

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U.S. household wealth declined for the second quarter in a row in the April-June period, dropping to $143.8 trillion as a bear market in stocks outweighed further gains in real

U.S. household wealth suffers record drop in second quarter