After years of decline, household wealth is growing again, according to the triennial Survey of Consumer Finances. Median household net worth rose to $97,300 in 2016, 16 percent more than the $83,700 of 2013, after adjusting for inflation. Net worth is still 30 percent below the 2007 peak...
Median household net worth, 2007 to 2016 (in 2016 dollars)
2016: $97,300
2013: $83,700
2010: $85,400
2007: $139,700
Behind the rise in net worth are modest increases in the value of household assets. The median value of financial assets ($23,500) grew 7 percent between 2013 and 2016, after adjusting for inflation, but was still 30 percent below the 2007 level. The median value of nonfinancial assets ($158,900) climbed 4 percent during those years, but was still 23 percent below the 2007 peak. Meanwhile, median household debt ($59,800) was 4 percent lower in 2016 than in 2013 and a substantial 23 percent lower than in 2007.
Source: Federal Reserve Board, 2016 Survey of Consumer Finances
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