The net worth of U.S. households grew to almost $83 trillion during the last three months of 2014, the Federal Reserve said Thursday. 

{mosads}The $1.5 trillion in new total wealth, a roughly 1.9 percent increase, reversed a slight decline from 2014’s third quarter, and marked the biggest increase in a year. 

A booming stock market helped fuel the increase, with the value of portfolios increasing by roughly $742 billion. Healthier home values also helped, adding $356 billion in new wealth.

The added wealth could help boost consumer spending, which accounts for roughly two-thirds of the economy. 


The Hill has removed its comment section, as there are many other forums for readers to participate in the conversation. We invite you to join the discussion on Facebook and Twitter.

See all Hill.TV See all Video

Most Popular

Load more


See all Video