Welfare of Americans reaches $149 trillion

11:39 - 9.06.2023

June 9, Fineko/abc.az. The Federal Reserve System (FED) has published report "Financial Accounts of the U.S." for the period from January to March.

ABC.AZ reports that the net cost of households in the country in the 1st quarter of this year amounted to $148.8 trillion.

Household welfare, which in the 1st quarter of 2023 increased by 2% against the previous quarter, down 2.5% compared with Q1 of 2022.

The net cost of households in the U.S. fell to $147.2 trillion in the 2nd quarter and $144.2 trillion in the 3rd quarter after a record level of $152.6 trillion in the 1st quarter of 2022. The welfare of Americans in the last quarter of the year amounted to $145.8 trillion.