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US stock market pushed household wealth to record high in fourth quarter
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US stock market pushed household wealth to record high in fourth quarter
Mar 13, 2025 10:16 AM

March 13 (Reuters) - U.S. household wealth rose to a

fresh record high at the end of 2024, Federal Reserve data

showed on Thursday, thanks to a stock market rally that appears

to have run out of steam in the past three weeks.

The net worth of households and non-profit groups rose to $169.4

trillion in the fourth quarter of last year, the U.S. central

bank said in its quarterly U.S. financial accounts report, the

slowest quarterly gain in at least two years, as a drop in the

value of real estate trimmed gains from equities.

The S&P 1500 Composite index, which encompasses the vast

majority of the U.S. stock market, gained 2.1% in the fourth

quarter of 2024. It has lost nearly $4 trillion in value since

President Donald Trump's January 20 inauguration and about $2.7

trillion since this year began.

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