American Households Experience a Decline in Net Worth for the First Time in a Year, According to Latest Rort

On December 6, 2023, a rort from Reuters revealed that the net worth of households in the United States has experienced a significant decrease. The rort stated that in the third quarter, household wealth dropped to approximately $151 trillion, largely due to a decline in the value of stocks. This decline has outweighed any gains made in other areas, resulting in an overall decrease in net worth. This news comes after a year of steady growth in household wealth, highlighting a potential shift in the financial landscape.