Federal Reserve: Household Wealth in America at record high of $1.7 trillion – Rising property values and Financial gain

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The report showed that low inflation and a strong job market contributed to Americans’ improved purchasing power, which in turn, helped drive household spending and boosted the economy. Gains in the stock market also enabled companies to invest more of their resources. Companies had nearly $2.3 trillion in liquid assets that could be put toward investment, according to the report.