(Bloomberg) -- Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans finances.
Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8% from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.
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