 "Pension fund, wealth fund")
US household wealth declined for the first time in two years in the first quarter of 2022, edging down to $149.3 trillion as a drop in the stock market outweighed further gains in home values, a Federal Reserve report on Thursday showed.
Household net worth declined by more than $500 billion from a record $149.8 trillion at the end of last year, the Fed's quarterly snapshot of the national balance sheet showed. The drop was driven by a $3 trillion fall in the value of corporate equities, while real estate values climbed another $1.7 trillion.
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