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Thursday, March 10, 2011

Household Net Worth Rose in 4th Quarter

According to the Federal Reserve's Flow of Funds, household net worth rose by more than $2.1 trillion during the fourth quarter of 2010 to slightly more than $56.8 trillion.

The increase in net worth was due to an increase in the value of financial assets, which went up by $2.3 trillion during the quarter. Factors negatively impacting household net worth were a slight increase in the liabilities of the household sector and the continued slide in the value of real estate assets.

Since bottoming in the first quarter of 2009, household net worth is up almost 16.6 percent.

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