American households lost more than $6.8 trillion in aggregate net worth in the first nine months of 2022, due largely to steep declines in the stock market, according to new data.Household wealth dropped another $400 billion in the third quarter, to $143 trillion, marking the third straight quarterly decline according to a Fed report on Friday.Over the first three quarters of the year, the stock market lost more than $2 trillion in value, with the Industrial Average dropping 21 percent and the S&P 500 losing more than 25 percent of its value.
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