Household Net Worth Up $1.4 Trillion In Second Quarter
September 18, 2014 at 12:00 PM EDT
U.S. households and nonprofits added $1.4 trillion in net worth in the second quarter due to continued higher prices for stocks and real estate, according to Federal Reserve data released Thursday The gain in net worth to $81.5 trillion was driven by a $1 trillion rise in corporate equities and a $230 billion gain in the value of real estate.