Household Net Worth Continues To Fall In The September 2022 Quarter

Household net worth fell $56.8 billion, or 2.5 percent, in the September 2022 quarter, following similar falls in the March and June 2022 quarters.

“In the first nine months of 2022, household net worth fell $179.4 billion, a decline of 7.4 percent,” national accounts institutional sector insights senior manager Paul Pascoe said.

Driving the fall in net worth was owner-occupied property, down $91.1 billion, and financial assets (including shares and investment funds) down $78.6 billion. In addition, household debt rose $9.6 billion.

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• Household net worth continues to fall in the September 2022 quarter
• Household income and saving increase in the September 2022 quarter
• National accounts (income, saving, assets, and liabilities): September 2022 quarter
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