Household Net Worth Reaches Record $77.3 Trillion

Household Net Worth Reaches Record $77.3 Trillion

December 9, 2013         Written By Bill Hardekopf

Household net worth hit a record high of $77.3 trillion at the end of the third quarter, according to the Federal Reserve’s Financial Accounts of the United States. This was an increase of $1.92 trillion over the second quarter figure.

Household debt rose at an annual rate of 3.0 percent in the third quarter. Home mortgage debt rose about 1 percent in the third quarter. This is the first increase in home mortgage debt since the first quarter of 2008.

Consumer credit rose at an annual rate of 6.0 percent, about the same as the increase in the previous quarter.

The value of corporate equities and mutual funds owned by households expanded $917 billion and the value of residential real estate owned by households increased approximately $428 billion.



The information contained within this article was accurate as of December 9, 2013. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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