Data released on July 25th shows the average U.S. household net worth is $1.37 million.

1 report, 1 independent Updated Jul 25

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

FED

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Part of

Data tracks wealth shifts across groups using Federal Reserve Distributional Financial Accounts. All 2 developments

Within The FED is monitoring wealth distribution trends as pro-business policies accelerate wealth concentration.

The entities involved

FED
business
- Musk suggested a merger between firms as tech stocks reacted to earnings and Fed inflation concerns.13:07
- Houthis attacks on Saudi energy facilities are driving inflation concerns and pressuring central banks (FED, ECB, BoJ) to raise interest rates.13:02

Coverage

Newest first; wire copies grouped

Jul 25yahoo.comThe Average U.S. Household Is Worth $1.37M — If Everyone Is So Rich, Then Why Do People Feel So Broke?