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U.S. Household Wealth Above $80 Trillion; Boosted By Stocks, Housing

wochit business
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March 06, 2014 AT 7:56 AM
U.S. household net worth jumped to a new high at the end of last year, as the value of real estate and shareholdings rose and bank accounts swelled. The Federal Reserve said on Thursday net worth increased $2.95 trillion to $80.66 trillion in the fourth quarter, eclipsing a previous record high. The value of households' property, consumer goods, bank deposits and stocks all increased in the quarter.