Monday, September 21, 2009
Americans are $2 Trillion Wealthier
After nearly two years of declines, the net worth of Americans rose by $2 trillion to an estimated $53.1 trillion in the second quarter compared with the first three months of the year.
The soaring stock market accounted for much of the gain. Stock holdings rose by 22% to $6.3 trillion, while mutual funds' value jumped 15% to $3.7 trillion, according to a Federal Reserve report released Thursday.
Americans are $2 Trillion Wealthier
Source: CNN/Money
The soaring stock market accounted for much of the gain. Stock holdings rose by 22% to $6.3 trillion, while mutual funds' value jumped 15% to $3.7 trillion, according to a Federal Reserve report released Thursday.
Americans are $2 Trillion Wealthier
Source: CNN/Money
Permalink posted by armandn @ 7:39 AM 
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