Rising home prices lift US household wealth to record $85.7T

Posted online September 21, 2015 | 11:40 am

Rising home values drove a modest increase in Americans' household wealth to a new high of $85.7 trillion in the second quarter.

Housing wealth increased by $499 billion, while Americans' stock portfolios climbed $61 billion in value, according to the Federal Reserve.

The Fed's figures aren't adjusted for population growth or inflation.

Read more from The Associated Press.

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