U.S. household net worth reached a record high in the first quarter, thanks to the appreciation of real estate and stocks

U.S. household net worth reached a record high in the first quarter, thanks to the appreciation of real estate and stocks
The net assets of US households rose to a record high in the first quarter of this year, driven by the further rise of share prices and house prices. According to a report released by the Federal Reserve on Thursday, household net assets rose $5 trillion in the first quarter, or 3.8%, to $136.9 trillion. Among them, the value of shares held by households increased by $3.2 trillion, and the value of real estate increased by more than $968 billion. These data highlight the protective effect of fiscal and monetary stimulus measures on American wealth. Several trillion US dollars of stimulus measures in 2020 and the fiscal stimulus plan signed in mid March this year, which is larger than expected, are adding momentum to the stock market. In addition, the Fed has kept interest rates near zero. This led to a record low mortgage interest rate, boosting demand for home buyers. The median price of second-hand housing is at a record high. Following 2020