Slowly, Americans regain wealth lost to recession

March 12, 2010

WASHINGTON - Americans are recovering their shrunken wealth - gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight and was less than in the previous two quarters. The Federal Reserve said Thursday that net worth rose 1.3 percent in the fourth quarter to $54.2 trillion. It marked the third straight quarter of gains. Even with that increase, Americans' net worth would have to rise an additional 21 percent to get back to its pre-recession peak of $65.9 trillion.

- Associated Press

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