Household Wealth Nearly Back to 2007 Levels
Washington, DC, March 8, 2013 -- Household wealth in the U.S. climbed in the fourth quarter and is nearly back to 2007 levels, according to the Federal Reserve.
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The Fed's flow of funds report indicated that net worth increased by $1.17 trillion from October through December, or 1.8 percent from the previous three months, to $66.1 trillion.
Household net worth peaked at $67.4 trillion in the third quarter of 2007.