Americans’ household wealth rose by $3.0 Trillion in the first quarter of 2023, it rose to $148.8 trillion. Stock prices have been rebounding after they fell sharply off record highs two years ago after the Federal Reserve began talking of QT and raising rates to combat inflation. Global economy slackness from the Russian invasion of Ukraine and Chinese Covid lockdowns also impacted asset prices negatively. Household debt rose 2.2 percent at an annual rate in the first quarter of 2023. … Continue reading “American Household Wealth Rises by $3.0 Trillion, $2.4 Trillion from Stocks in Q1 2023”