During the second quarter of this year, fueled by a resurgent stock market and rising home values, US household wealth reached a record $154.3 trillion, recovering from recent stock price and real estate value drops driven by inflation. Household and nonprofit net wealth increased by $5.5 trillion, driven by a $2.6 trillion surge in stock market investments and a $2.5 trillion increase in real estate holdings. While this offers a financial cushion, concerns about economic volatility, inflation, and rising credit card debt persist, with many Americans still feeling economic pressure despite the overall wealth increase. Additionally, public sentiment toward President Joe Biden’s economic policies remains negative, with 58% of the public believing they have worsened economic conditions, and concerns about working-class families struggling financially continue to rise.

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