US household wealth touches record high: Nearly $8
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WASHINGTON: Fueled by higher stock and home values, Americans' net worth reached a record high in the final three months of 2014.
Household wealth rose 1.9 percent during the October-December quarter to nearly $83 trillion, the Federal Reserve said Thursday. Stock and mutual fund portfolios gained $742 billion, while the value of Americans' homes rose $356 billion.
The typical household didn't benefit much, though. Most of the wealth remains concentrated among richer families. ..
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