Household wealth in US up $22 trillion since 2007

The extent of the recovery from the Great Recession can be seen in this week’s figures from the Federal Reserve on household net worth. The total wealth grew 1.2% in Q2 from Q1. While net worth did not recover to the 2007 pre-Recession level until 2012, the rapid growth since then means that household net worth has grown by one-third, from $66.5 trillion to $89.1 trillion, since 2007. (more…)