Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances, Bloomberg News reported yesterday. Net worth for households and nonprofit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said yesterday in its financial accounts report, previously known as the flow of funds survey. The value of financial assets, including stocks and pension fund holdings, held by American households increased by $2.52 trillion in the fourth quarter, according to today’s Fed report.
