20-Sep-2010 2:52 PM

US household worth weaker in 2Q2010

US Federal Reserve’s Flow of Funds Report outlined (17-Sep-2010) that net worth for householders and non-profit groups declined by USD1.5 trillion to USD53.5 trillion in 2Q2010, for the first decline since Mar-2009, with US household wealth declining 2.8%. The decline in wealth compares to a USD1.4 trillion gain in 1Q2010.