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Household Net Worth Fell $1.3T In Q3

US DATA
  • The Federal Reserve reports that the net worth of households and nonprofits fell $1.3T to $151.0T in Q3, unwinding some of the strong increase in Q2.
  • “The value of directly and indirectly held corporate equities decreased $1.7 trillion and the value of real estate increased $0.5 trillion.”
  • “Household debt increased 2.5 percent at an annual rate in the third quarter of 2023. Consumer credit grew at an annual rate of 1.1 percent, while mortgage debt (excluding charge-offs) grew at an annual rate of 2.5 percent.”
  • Full report here: https://www.federalreserve.gov/releases/z1/20231207/z1.pdf

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