US Household Net Worth Change Hits $1.28034 Trillion in Q2

The swing is striking: a quarterly net worth change that was barely positive in the prior period has turned sharply higher, suggesting the household balance sheet is once again being driven by asset revaluation rather than by saving flows. That distinction matters because it concentrates the wealth effect in the hands of asset-owning households, leaving those without exposure to equities or property on a different trajectory. Whether this pace reflects a durable broadening of household balance sheets or a single-quarter asset-price effect is the open question.