household

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

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US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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Inflation pushes U.S. household spending up $433 per month on average, Moody's says

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says

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People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average U.S. household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. Although down slightly from the monthly figure …

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says Read More »