🇺🇸🔻U.S. Household Net Worth Fell By $6.1 Trillion In Q2

• Federal Reserve data released on Friday showed U.S. household net worth falling $6.1 tln in the second quarter of 2022, following a decline of $147 bln in Q1

• During this period, the S&P 500 index declined by 16.5%, this was reflected in U.S. household value of equity holding as these contracted by $7.7 trillion

• Last year, household net wroth jumped by $18.9 tln. If we were to follow this trend for the rest of 2022, this would be the first year U.S. household net worth posts a yearly contraction since 2008