America’s Household Wealth Nosedives In Record Drop

Posted on AllSides September 9th, 2022
From The Right
ASIF HASSAN/AFP via Getty Images

American household wealth fell by a record drop in the second quarter, according to a Federal Reserve report released Friday.

Household net worth fell by $6.1 trillion between the end of March and the end of June, Reuters reported. Through the month of June, Americans’ collective wealth fell by more than $6.2 trillion from $150 trillion at the close of 2021.

Economic woes are continuing to afflict Americans. More than half of Americans say rising prices are making their lives worse, a percentage which increased steadily from previous months, according...

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