Household wealth hit record $84.9 trillion in the first quarter

June 11, 2015 4:01 PM

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Americans net worth hit a record $84.9 trillion in the first quarter as households benefited from rising stock and home prices.

Household net worth increased $1.6 trillion, or 2.2% prices from January to Mach. The value of stocks and mutual funds rosehim him him $487 billion. Those gains largely benefit wealthier Americans. The Standard & Poor's 500 stock index edged up nearly 1% during the period.

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