American family wealth evaporated by 42 trillion yuan.

According to the relevant information report released by the Federal Reserve last Friday, we can see that the net assets of American households recorded the largest decline in history, in which the decline of the stock market far exceeded the increase of real estate. For two consecutive quarters, American household wealth has been declining sharply, from10.500 trillion dollars at the end of 2002 to the latest10.438 trillion dollars, which can be said to be the lowest data in a year. As can be seen from the relevant data, of course, the value of stocks held by American households in the second quarter. It has basically decreased by about 53.57 trillion yuan, which shows that the US stock market suffered a very serious blow in the second quarter.

The reason for the sharp drop in us stocks.

We all know that the net assets of American families are composed of company stocks and real estate held directly and indirectly, and the stocks held by most companies have been severely hit. If the downward trend of stocks has far exceeded the increase of real estate, it can't hide this decline at all, so the net assets of many American families are decreasing until a total of 42 trillion has evaporated.

American household debt has increased.

According to the report given by the Federal Reserve, we also know that many household debts in the United States have increased by about 7.4% after a quarter of adjustment, which is lower than the previous quarter, but the mortgage debt has increased by 8.8%. The loan data of many families from deposit institutions has been increasing, so most people have no corresponding property composition at all, and family wealth will shrink. In addition, affected by the epidemic prevention and control, the real estate industry is not very good, and some house prices have created the lowest price in history.