Increases in stock prices accounted for a $4.9 trillion boost to household wealth from October to December, according to the Fed.
Overall, household assets were up by $12 trillion from the end of 2019.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 21 seconds
Rising Real Estate Prices Added $900B to Household Assets: Fed
Surging values for real estate tacked on $900 billion to household assets in the fourth quarter of last year, helping push the U.S. wealth total to $130.2 trillion, according to the Federal Reserve. So reports Reuters.
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