In Early 2022, Americans lost a half trillion dollars in wealth

As the stock market fell early this year, Americans' wealth took a big hit

In the first quarter, the total net worth of households and nonprofits fell by $0.5 trillion to $149.3 trillion

That's a big change from the strong increase in wealth that started around mid-2020 and was driven by the skyrocketing prices of homes and stocks

The first-quarter loss reflects this year's stock market slump, which sliced $3 trillion from corporate equities

Both the Dow and the S&P 500 fell almost 5% in the first three months

It was the lowest quarterly performance since the Covid-19 epidemic in 2020.

Russia's invasion of Ukraine, skyrocketing oil prices, inflation, Fed rate hikes, and the Covid-19 outbreak have weighed on the market this year.

The Fed said a $1.7 trillion increase in real estate value and significant personal saving largely offset the decrease in equities

Rare Sighting In June Five Planets Will All Be in The Sky Over Utah

Click Here