The average U.S. household net wealth worth rose by over $10,000 in the third quarter according to Federal Reserve data released on Thursday and an estimate on the number of total households in the U.S. Collectively that resulted in a net worth increased of $1.2 trillion dollars for all households.
The increase is largely due to financial investments such as stocks and mutual fund holdings and represents even more evidence that the U.S. economy is beginning to fire on multiple cylinders.
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