Household worth rose by $837.4 billion in first quarter

150313_FF_HouseholdWealthBy Victoria Stilwell | Bloomberg

Household wealth in the U.S. increased in the first quarter as rising real-estate values propped up Americans’ finances, figures from the Federal Reserve in Washington showed Thursday.

Net worth for households and non-profit groups rose by $837.4 billion, or 1 percent, to $88.1 trillion in January through March from the previous three months, according to the Fed’s financial accounts report, previously known as the flow of funds survey.

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