According to the Federal Reserve's Flow of Funds report, net worth rose 4.2% in the fourth quarter of 2004, which was up about $2 trillion from the previous quarter.
Household net worth is a measure of total assets, such as the value of homes and pensions, minus total liabilities, such as mortgages and credit-card debt. The same report also showed that U.S. household debt grew at an annual rate of 9.4% in the fourth quarter, which was down from a 11.5% rate in the previous quarter.
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