Stock and housing gains put US net worth at record

By Christopher Rugaber

Published March 6, 2014 7:46pm ET

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Stock and housing gains put US net worth at record — Specialist Brian Egan, foreground left, works on the floor of the New York Stock Exchange, Wednesday, March 5, 2014. Stocks are little changed in early trading, a day after setting a record high, as traders were unimpressed by a slight increase in hiring at private companies last month.(AP Photo/Richard Drew) | Richard Drew

WASHINGTON (AP) — A surging stock market and rebounding home prices boosted Americans’ wealth to a record in the final three months of last year, though both trends have slowed so far in 2014.

Household net worth jumped nearly $3 trillion during last year’s fourth quarter to $80.7 trillion. Stock and mutual fund portfolios gained nearly $1.7 trillion, or 9 percent, according to a Thursday report by the Federal Reserve.

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