The Federal Reserve says the value of Americans’ stock and mutual fund portfolios rose $800 billion, while home values increased $600 billion. Total household wealth is now 2.1 percent higher than in the first quarter, when it stood at $104.7 trillion.
The figures reflect the value of assets like homes, bank accounts and stocks minus debts like mortgages and credit cards. The data aren’t adjusted for inflation or population growth.
They also don’t reflect the experience of most