If Americans ever feel comfortable again, they have a lot of money that they can spend. But who knows when that comfort will come?
The Federal Reserve on Thursday reported that the net worth of U.S. households was $134 trillion in the second quarter—up from $128.4 trillion in the first quarter. That figure stood at $110 trillion In the fourth quarter of 2019, before the pandemic took hold. Including nonprofits, accumulated household net worth in the second quarter hit a record $141.7 trillion.