Wealth effect

(AP Photo)

US household wealth reaches record high $77.3T

WASHINGTON (AP) — Americans’ wealth reached an all-time this summer, buoyed by record-setting stock prices and a healthy recovery in home values. The Federal Reserve says to U.S. net worth, a measure of household wealth, […]

12/09/2013

(AP Photo)

Rising US wealth doesn’t generate spending surge

WASHINGTON (AP) — The stock market rallied to record heights last month, home prices have rebounded and the wealth of American households returned to where it was before the Great Recession. That’s just what Federal […]

06/25/2013

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