The Federal Reserve released its financial accounts report on Thursday. The net worth of households and non-profits in the U.S. climbed by $1.64 trillion to $86.8 trillion in the fourth quarter of 2015, after a 1.5% decline in the third quarter. The rise was driven by higher home prices and a recovery in equity prices.
Household debt rose at an annual rate of 3.4% in the fourth quarter of 2015, after a 1.6% increase in the third quarter.
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