Household Net Worth Hits A Record While Debt Service Remains Low by Robert Hughes for American Institute for Economic Research
Despite the pandemic, restrictive government policies, and the worst economic contraction in history, household net worth rose again in the fourth quarter to a new record. Household net worth rose to $130.155 trillion, up 5.6 percent from the previous record of $123.229 trillion in the third quarter, and 10.1 percent from $118.220 trillion at the end of 2019 (see first chart). Total assets rose to $147.2 trillion while total household liabilities increased 1.8 percent or $297.3 billion, to $17.057 trillion (see first chart).
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