CITY OF WASHINGTON (September 23, 2021)—today the US Federal Reserve released the financial accounts of the United States. U.S. household wealth jumped to $141.7 trillion at the end of June, a report from the Federal Reserve showed on Thursday.
Soaring equity markets fueled the increase in overall wealth, adding $3.5 trillion to household assets in the second quarter – a period in which the S&P 500 saw a total return of just over 8.5% after factoring in reinvested dividends.
The report showed that household debt grew at an annualized rate of 7.9% in the second quarter, compared to 6.7% in the first quarter.
Non-financial business borrowing rose at a slower annualized rate of 1.4%, compared to 4.3% in the first quarter.
And government borrowing increased at an annualized rate of 9.6%, up from 9.0% the previous quarter.
This release incorporates revisions, structural changes, and enhancements. Major changes are described in the “Release Highlights” section of the publication and are also in the online Financial Accounts Guide at www.federalreserve.gov/apps/fof/.
The file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and a single set of compressed CSV files with accompanying data dictionary text files.
Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release.
Source: Federal Reserve and Yahoo wrote the original report.