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Household welfare in USA hit record high of $93 trillion

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Household welfare in USA hit record high of $93 trillion

In the fourth quarter of 2016, net assets value of households and nonprofit organizations in the United States increased to a record $92 trillion 805,4 billion due to a rise in price of real estate and an increase in the stock price.


The index increased by 2.3%, or by $2,04 trillion, compared with the previous three months, according to data from the Federal Reserve System (FRS).

Welfare growth in the last quarter was driven by the rising value of shares – by $728 billion. In the period between October and December, the U.S. stock market has gained about 8%, since the victory of Donald Trump in the presidential election allowed the companies to count on the tax cuts and new investments in infrastructure.

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