American household wealth declines for first time in 2 years - Business Insider
6/10/2022 12:00:00 AM2 years 10 months ago
by Huileng Tan
by Huileng Tan
US household wealth fell $500 billion to $149.3 trillion in the first quarter of 2022 — marking its first decline in two years.
The wealth of American households declined for the first time in two years due to a stock market slump that wiped out $3 trillion, according to the Federal Reserve. US household wealth fell to $14… [+1446 chars]
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