U.S. Household Wealth Posts Record Loss in Fourth Quarter Amid Stock Rout
Reuters, Mar. 7, 2019–Howard Schneider
U.S. household wealth fell by a record $3.8 trillion, or 3.5 percent, at the end of 2018, and corporate bond issuance plummeted as a global market rout threatened to weaken a near-decade old recovery, the Federal Reserve reported on Thursday.
