- First-quarter household net worth rose $3 trillion
- Household debt is up by 2.2%
- Stock gains added $2.4 trillion
- Real estate declined by $600 billion for the 3rd straight quarterly decline
- Government debt rises 4.5% in Q1
- Business debt up 3.8% in Q1
- Household assets in money markets rose by $300 billion to a record $3.3 trillion
The gains underline the storyline of why the consumer remains in play and continues to buy. It’s old news but making more money begets more spending.