(Reuters) -U.S. household wealth rose to a record of roughly $156.2 trillion at the end of 2023 thanks to a surging stock market that offset a drop in property market values, the Federal Reserve said on Thursday.
Household net worth rose about 3.2% in the period from October through December from $151.4 trillion at the end of the third quarter, the Fed said in its quarterly snapshot of the balance sheets of households and businesses.
The value of equities held directly or indirectly through mutual funds, life