Household Net Worth Breaches $140-Trillion Level in the Second Quarter

Source: Federal Reserve

Household net worth continued to climb in the second quarter of the year to breach the $140-trillion level for the first time. DXY is up 0.27%

• Household and nonprofit net worth jumped to $141.668 trillion in the second quarter of the year, up from $135.818 trillion the previous quarter and $118.491 million the previous year.
• Corporate equities — both directly and indirectly held — grew $3.5 trillion, and real estate increased $1.2 trillion.
• Outstanding domestic nonfinancial debt stood at $63.3 trillion, marking a 6.4% expansion at an annual rate, down from the 6.7% the previous quarter.
• Household debt accounted for $17.3 trillion, nonfinancial business at $18.0 trillion, and total government debt at $28.0 trillion.
• Federal government debt jumped 9.6% year-on-year, up from 9% the previous quarter. State and local government debt grew 3.1% versus 3.5% earlier.