WASHINGTON — Americans' household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices.
The Federal Reserve says U.S. household net worth increased 1
The rise in real estate values likely means the wealth increase was more widely shared than in many previous quarters, because home prices are the primary source of middle-class wealth. Richer Americans rely more on financial assets.
Greater household wealth could boost consumer spending, which drives 70