Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile
All news

ARCHIVE NEWS

«    October 2017    »
MonTueWedThuFriSatSun
 1
2345678
9101112131415
16171819202122
23242526272829
3031 

Household welfare in USA hit record high of $93 trillion

logo russianconstruction.com
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.

Related publications

PARTNERS

UP