The Federal Reserve released the Q1 2021 Flow of Funds report today: Financial Accounts of the United States.
The net worth of households and nonprofits rose to $136.9 trillion during the first quarter of 2021. The value of directly and indirectly held corporate equities increased $3.2 trillion and the value of real estate increased $1.0 trillion.
Household debt increased 6.5 percent at an annual rate in the first quarter of 2021. Consumer credit grew at an annual rate of 3 percent, while mortgage debt (excluding charge-offs) grew at an annual rate of 5.4 percent. Click on graph for larger image.
The first graph shows Households and Nonprofit net worth as a percent of GDP.
With the sharp decline in GDP in Q2, net worth as a percent of GDP increased sharply. This reversed somewhat in Q3 as GDP bounced back (even as net worth increased). But now net worth as a percent of