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

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

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

New Yokr

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

US household wealth suffers record drop in second quarter

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

Sept

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

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 Wealth Suffers Record $6.1 Trillion Drop in 2nd 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

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Effect of inflation? US household wealth suffers a record drop

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