The pandemic gains in American wealth are melting away
Data: FactSet, Federal Reserve; Chart: Erin Davis/Axios VisualsLow-interest rates giveth, high-interest rates taketh away. What happened: American households saw the third consecutive quarterly decline in net worth during Q3, as stocks were pummeled by rising interest rates. Why it matters: Household net worth — which includes the value of assets such as 401(k)s and residential…
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