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Household net worth rose to $94.8 trillion in first quarter 2017

Staff Writer | June 9, 2017
A rise in the value of equities and real estate pushed the net worth of U.S. households higher in the first quarter of this year, a report by the Federal Reserve showed.
Household net worth rose
America   Household net worth rose
Household net worth rose to $94.8 trillion over the quarter, up from a slightly downwardly revised $92.5 trillion in the fourth quarter of 2016.

Household borrowing rose at a 3.2 percent annual rate in the January-March period, the report also showed, down from a 3.9 percent growth rate in the fourth quarter of 2016.Household net worth roseConsumer credit grew 5 percent while mortgage debt grew at a 3 percent annual rate.

Liquid assets held by non-financial firms was $2.21 trillion versus a revised $2.17 trillion in the previous quarter.