US household net worth rose by $2.9 trillion in the 4Q. The gains were led by corporate equity
- consumer credit continued to expand at a robust 7% base
- overall household debt growth slowed to an annual pace of 2.3% as a result of a slowdown in mortgage growth and a decline in other debt the average since 2020 has been a 7%
- nonfinancial business debt increased at an annual rate of 3.6%, mainly reflecting growth in mortgages and other loans
- value stocks increase by $2.7 trillion
- value real estate decreased by $0.1 trillion
- corporate equities total $39.4 trillion
- real estate totaled $43.5 trillion
- household debt was $19 trillion