Shocking stat of the day: US household net worth dropped by -1.6 TRILLION in Q1 2025, to 169 trillion, the lowest since Q2 2024. This was the largest quarterly decrease since Q3 2022, according to Fed data. The drop was primarily driven by a -2.3 trillion loss in the value of household equity holdings. Real estate values also declined by -200 billion, marking the 3rd consecutive quarterly drop. However, this quarter, equity markets have rebounded and recovered a significant portion of these losses. US household wealth is highly exposed to the stock market.