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U.S. household wealth slumped in fourth quarter amid stocks rout

by admin@thebestquotes

U.S. household wealth dropped in the fourth quarter amid stock-market turmoil, while consumer debt rose at the slowest pace in more than a year amid weakness in housing, a Federal Reserve report showed Thursday, March 7. Net worth for households and nonprofit groups fell by $3.73 trillion, or 3.5%, […]

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