US Household Wealth Reaches Record $163.8 Trillion in Q2

Real estate and stock market gains drive increase as household debt also rises.

The Federal Reserve reports a 1.7% rise in US household wealth from the previous quarter, reaching a record $163.8 trillion.
The increase was largely driven by a $1.8 trillion rise in real estate values and a $700 billion gain in equity holdings.
Household debt grew at an annualized rate of 3.2%, the fastest pace since Q3 2022.
Cash holdings, including bank balances and money market funds, slightly decreased to $18.44 trillion from $18.51 trillion.
The S&P 500 index delivered a 4.3% total return in Q2, with significant contributions from the technology sector.