The Canadian PressDecember 9, 2013 15:00
WASHINGTON - Americans' wealth reached an all-time this summer, buoyed by record-setting stock prices and a healthy recovery in home values.
The Federal Reserve says to U.S. net worth, a measure of household wealth, rose 2.6 per cent to $77.3 trillion in the July-September quarter. Net worth reflects the value of homes, stocks, bank accounts and other assets minus mortgages, credit cards and other debts.
Rising stock prices boosted Americans' net worth $917 billion. Higher home values added another $428 billion.