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The component that was most severely affected by the pandemic was the value of corporate equities owned by households, which fell 25% in the first quarter from the end of 2019. But most of those losses were recouped in the second quarter, when the value of equities stood at $19.52 trillion—or just 8.3% below their year-end level.
“The fiscal stimulus that we’ve received so far has been really important in shoring up household balance sheets, and it was instrumental to the recovery in consumer spending that we’ve seen in the third quarter,” said Blerina Uruçi, a U.S. economist at Barclays.
https://www.wsj.com/articles/u-s-household-net-worth-hits-highest-level-ever-11600705010
