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Financial Accounts of the United States
The net worth of households and nonprofit organizations declined $0.5 trillion to $149.3 trillion in the first quarter. A sizeable $3 trillion decline in the value of stocks on the household balance sheet was partially offset by an increase in the value of real estate ($1.6 trillion) and a continued high rate of personal saving. The ratio of household net worth to disposable income was about equal to the record high of 8.2 posted last quarter and remains well above the level seen just before the pandemic in 2019. Directly and indirectly held corporate equities ($46.3 trillion) and household real estate ($39.7 ... (full story)