WASHINGTON (Reuters) - U.S. household net worth hit a record high in the second quarter as the stock market continued its upward climb and property values rose.
Net worth nudged up 1.7 percent to $81.5 trillion.
The S&P 500 set another intraday record on Thursday, with the Federal Reserve continuing with a highly accommodative monetary policy for a recovering U.S. economy.
U.S. household debt increased at an annual rate of 3.6 percent in the second quarter, excluding charge-offs of home mortgages, while federal debt rose at an annual rate of 2.5 percent.
Total domestic non-financial debt rose at a 3.8 percent rate to $40.5 trillion.
(Reporting by Michael Flaherty; Editing by Andrea Ricci)
