Waning Worth

On 12/31/19, household and nonprofit organization net worth totaled $116.4 trillion, then quickly sank to $110.3 trillion by 3/31/20 due to the Covid-19 induced stock market decline. Over the next seven quarters, with the government stimulus and a rebounding economy, net worth zoomed to a stratospheric $150.0 trillion in 21Q4. It’s since fallen by $150 billion in 22Q1 and $6.1 trillion in 22Q2 and net worth is now $143.8 trillion.