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Higher property and stock prices have pushed Americans household wealth to record highs. U.S. President Trump may be the most divisive President in history but the Federal Reserve shows Americans are getting weathier with him. 

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U.S. household wealth increased in the second quarter to yet another record by $2.19 Trillion to nearly $107 trillion, following a 1.303 Trillion gain in the first quarter.

That is $8.4 Trillion dollars in gains inthe last 12 months. The solid job market coupled with low inflation is improving Americans purchasing power, sustaining household spending which is the largest component of the U.S. economy. 

Much can be traced back to the gains in the stock market since its lows after he was elcted last November with solid gains in financial assets, the S&P 500, Nasdaq and Dow Jones Industrial indices have all hit record highs in recent days. Property prices have also risen in this period. 


From the Federal Reserve's financial accounts report, previously known as the flow of funds survey

US Household Wealth 2018 Q2 Total

US Household Wealth 2018 Q2 Break

Source: Federal Reserve

From The Traders Community News Desk 

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