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Household wealth climbs $1.7 trillion on stock market, house price advances

“What happened: The stock market rally continued in the third quarter, and that $1.1 trillion gain was the big driver of the gain in net worth” writes D C for marketwatch.com. As the Federal Reserve prepares another rate hike, companies have 27.65% of their debt in short-term borrowings.To the extent the rise in household wealth helped middle-income families, it’s through the rise in real estate values.
 
Source: marketwatch.com



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