The net worth of U.S. households fell sharply in the first three months of 2020 as the coronavirus pandemic rocked the economy and caused equity prices to plummet
Household net worth fell 5.6% in the first quarter from the previous three months to a seasonally adjusted $110.
79 trillion, the Federal Reserve said Thursday. Most of the decline was attributable to a $7.8 trillion drop in the value of directly and indirectly held corporate equities, the central bank said.
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