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US household net debt growth in Q2 2024 range?
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Below $100 billion • 33%
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Federal Reserve's quarterly report on US household net debt
Story
US Household Net Worth Surges by $5.117 Trillion in Q1 2024, Largest Gain Since 2Q2023
Jun 7, 2024, 05:48 PM
The Federal Reserve's latest data reveals that US household net worth surged by $5.117 trillion in the first quarter of 2024, reaching a record $160.8 trillion. This increase marks the largest gain since the second quarter of 2023 and is primarily driven by a significant rise in the value of Americans' stock holdings. The prior quarter saw a revised down increase of $3.954 trillion. Additionally, household net debt grew by $140 billion, or 2.9%, while nonfinancial business debt increased at a 4.0% pace, reflecting robust net issuance of debt securities.
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