Posted originally on the conservative tree house on September 9, 2022 | Sundance
The U.S. Federal Reserve has published the second quarter 2022 balance sheet of U.S. total household wealth [DATA HERE].
In the second quarter (April, May, June) 2022, the total U.S. household wealth dropped $6.1 trillion, despite a calculated increase in home value of $1.5 trillion. The majority of the loss is connected to a drop in Corporate Equity (stock market) and household investment in the stock market.
FED “The net worth of households and nonprofit organizationsdeclined $6.1 trillionto $143.8 trillion in the second quarter. The value of stocks on the household balance sheet declined by $7.7 trillion, while the value of real estate increased by $1.5 trillion.” Keep in mind this is backward looking data, and after a period of decelerating rates of growth, the overall real estate market is now in…
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