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US household wealth dropped in first quarter as tariff concerns hit stocks

  • U.S. household wealth decreased to $169.3 trillion by March 31, marking a 0.93% drop from $170.9 trillion, according to Federal Reserve data.
  • This decline of 0.93% marks the first drop in household net worth since the third quarter of 2023.
  • The decrease resulted from a $2.3 trillion fall in the value of household equity holdings and a $200 billion drop in real estate holdings.
  • The S&P 1500 Composite index lost about $2.5 trillion in value due to concerns over President Donald Trump's tariffs affecting the economy.
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The wealth of American households fell at the end of the first quarter, showed on Thursday data from the Federal Reserve, dragged by a fall in the stock market that has since reversed its course.The net worth of households and non-profit groups was reduced to 169.3 trillion dollars as of March 31, said the Fed in its quarterly financial account report of the United States, a reduction from 170.9 trillion dollars in the previous quarter and the l…

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Kitco NEWS broke the news in on Thursday, June 12, 2025.
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