U.S. household net worth increases to $84.9 trillion

The net worth of U.S. households rose in the first quarter due to the rising value of homes and investments, a positive sign for the outlook for consumer spending. While the economy and consumer spending was sluggish in much of the first quarter, the data suggests U.S. households are on a better financial footing and consumers may open their wallets more. Many economists believe that consumers spend a few cents out of every dollar that their net worth increases.

U.S. household net worth increases to $84.9 trillion source: http://finance.yahoo.com/news/u-household-net-worth-increases-160427895.html