According to the Federal Reserve (via MSNMoney.com) the total household net worth in the country rose by $1.1 trillion in the first quarter of 2010. It increased to $54.6 trillion, which is still below the $64.4 trillion high in 2007, when the recession began.
Financial assets -- primarily stocks and mutual funds -- accounted for virtually all of the wealth increase, but the stock market has weakened in recent weeks, so those gains may be at least partially reversed in the second quarter.
The Standard & Poor's 500 index is down 8 percent since the end of the first quarter.
