US Household Net Worth Declined By $140.9 Billion In The Third Quarter

According to the Federal Reserve's latest Z.1 Financial Accounts of the US report - formerly known as the flow of funds report - household net worth fell by 0.2% from the previous quarter.

Here are the highlights from the Fed's report:

• The value of directly and indirectly held corporate equities fell by $700 billion.
• Domestic nonfinancial debt outstanding totaled $40.9 trillion and grew at an annualized pace of 4.4%.
• Household debt rose at an annual rate of 2.7% in the third quarter.
• Nonfinancial business debt rose at a rate of 5.2% in the third quarter.
• State and local government debt declined at an annualized rate of 2.8% in the third quarter after rising 1.2% in the second quarter.
• Federal government debt rose at a pace of 7.2% in the third quarter, up from a 2.5% rate in the second quarter.

You can read the Fed's full report here »