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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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.
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.