U.S. households recovered its wealth back: reports

After going thru house market crash and recession, U.S. economy is climbing back to its former glory, the Federal Reserve reported Thursday.

 

U.S. household net worth inclined by $3 trillion, to $70.4 trillion. This is the all time high record; previous all-time-high record before recession was $68 trillion in 2007.

 

This sudden increase of net worth does not necessarily mean that U.S. economy is recovered, however, this is a good sign.

 

The average household recovered about 63% of the wealth lost during recession, so it will still take some time to recover back.