The Federal Reserve has released its Q2 flow of funds report.
According to the release, household net worth in America rose $1.34 trillion — or 1.8% — in the second quarter to $74.8 trillion.
The rise in net worth in Q1 was revised down to $2.838 trillion from the previously reported $3.003 trillion advance.
The report showed that rising stock and house prices drove the gains.
The value of household real estate rose 2.9% in Q2 after advancing 4.8% in the first quarter.
The value of corporate equities rose 1.9% in Q2 after posting 9.0% gains in Q1.
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