The amount of wealth in the United States is truly staggering, something the Q2 Fed household net worth underscores.
- Real estate values rose by $2.5 trillion in Q2
- Stock market values rose by $2.6 trillion in Q2
- Total non-financial debt rose at 6.3% annualized rate in Q2
- Fed govt debt rose at 12.7% annualized rate in Q2