The US Federal Reserve (Fed) published the “Financial Accounts of the USA” report for the October-December period of last year.
Accordingly, the net wealth of households in the country rose to 147.7 trillion dollars in the fourth quarter of last year.
Household wealth, which increased by 2 percent in the last quarter of last year compared to the previous quarter, decreased by 2.7 percent compared to the same period of 2021.
Household net wealth in the US declined to $146.1 trillion in the second quarter and $144.8 trillion in the third quarter, after hitting a record $151.9 trillion in the first quarter of last year.
In the last quarter of last year, the value of stocks increased by $2.7 trillion, while the value of real estate decreased by $100 billion.
The increase in American household debt declined from 6.2 percent to 2.3 percent in the fourth quarter of last year.
In the said period, consumer loans increased by 7 percent and mortgage (housing loan) debt increased by 4.4 percent.