Financial Accounts of the United States - Z.1
B.1 Derivation of U.S. net wealth
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | U.S. net wealth1 | FL892090005 | 144538.7 | 156715.3 | 168758.9 | 155506.4 | 156715.3 | 154524.0 | 161581.0 | 167145.5 | 168758.9 |
| Line 2 | Households' nonfinancial assets | LM152010005 | 57671.9 | 60083.1 | 61747.4 | 60333.3 | 60083.1 | 60707.3 | 62000.1 | 61953.4 | 61747.4 |
| Line 3 | Real estate | LM155035005 | 48903.5 | 51014.6 | 52066.9 | 51372.6 | 51014.6 | 51499.1 | 52601.3 | 52413.6 | 52066.9 |
| Line 4 | Equipment (nonprofits) | LM165015205 | 653.5 | 681.7 | 729.4 | 676.8 | 681.7 | 688.0 | 699.8 | 716.3 | 729.4 |
| Line 5 | Intellectual property products (nonprofits) | LM165013765 | 258.3 | 275.6 | 297.5 | 270.5 | 275.6 | 279.1 | 282.1 | 289.5 | 297.5 |
| Line 6 | Consumer durable goods | LM155111005 | 7856.6 | 8111.2 | 8653.5 | 8013.4 | 8111.2 | 8241.1 | 8416.9 | 8534.0 | 8653.5 |
| Line 7 | Nonfin. noncorporate businesses' nonfinancial assets | LM112010005 | 18742.3 | 19034.8 | 19335.0 | 18918.2 | 19034.8 | 18970.3 | 19017.6 | 19306.6 | 19335.0 |
| Line 8 | Real estate | LM115035005 | 16850.6 | 17049.0 | 17281.9 | 16959.1 | 17049.0 | 16970.0 | 17011.1 | 17241.6 | 17281.9 |
| Line 9 | Equipment | LM115015205 | 1124.4 | 1161.7 | 1167.5 | 1157.4 | 1161.7 | 1152.7 | 1156.4 | 1164.7 | 1167.5 |
| Line 10 | Intellectual property products | LM115013765 | 449.5 | 484.9 | 510.6 | 472.3 | 484.9 | 488.3 | 492.0 | 500.0 | 510.6 |
| Line 11 | Inventories | LM115020005 | 317.8 | 339.1 | 375.1 | 329.4 | 339.1 | 359.2 | 358.1 | 400.3 | 375.1 |
| Line 12 | Fin. noncorporate businesses' nonfinancial assets2 | LM662090003 | 123.8 | 140.6 | 171.0 | 131.9 | 140.6 | 152.1 | 153.1 | 158.0 | 171.0 |
| Line 13 | Domestic corporations' nonfinancial assets | LM882010405 | 66633.0 | 81139.6 | 91332.3 | 78150.7 | 81139.6 | 76150.3 | 82902.1 | 89610.4 | 91332.3 |
| Line 14 | Nonfinancial corporations' nonfinancial assets3 | LM102010405 | 61370.3 | 74062.4 | 84136.3 | 72028.6 | 74062.4 | 69452.3 | 76001.4 | 82485.8 | 84136.3 |
| Line 15 | Financial corporations' nonfinancial assets3 | LM792010405 | 5262.7 | 7077.2 | 7196.1 | 6122.1 | 7077.2 | 6698.0 | 6900.7 | 7124.6 | 7196.1 |
| Line 16 | Federal government's nonfinancial assets4 | LM315015005 | 4570.2 | 4710.1 | 4943.9 | 4672.6 | 4710.1 | 4778.9 | 4831.0 | 4880.0 | 4943.9 |
| Line 17 | Structures | LM315015605 | 2168.8 | 2196.4 | 2289.5 | 2195.5 | 2196.4 | 2229.6 | 2245.4 | 2261.8 | 2289.5 |
| Line 18 | Equipment | LM315013265 | 990.5 | 1023.6 | 1068.6 | 1010.2 | 1023.6 | 1036.3 | 1050.9 | 1058.9 | 1068.6 |
| Line 19 | Intellectual property products | LM315013765 | 1410.9 | 1490.1 | 1585.8 | 1466.9 | 1490.1 | 1513.0 | 1534.8 | 1559.3 | 1585.8 |
| Line 20 | State and local governments' nonfinancial assets4 | LM212010095 | 16021.3 | 16561.9 | 17359.3 | 16438.3 | 16561.9 | 16766.9 | 16946.5 | 17106.4 | 17359.3 |
| Line 21 | Structures | LM215015605 | 15495.0 | 16019.8 | 16802.0 | 15899.6 | 16019.8 | 16227.4 | 16403.4 | 16555.9 | 16802.0 |
| Line 22 | Equipment | LM215013265 | 324.1 | 324.0 | 323.7 | 324.7 | 324.0 | 320.3 | 320.8 | 322.7 | 323.7 |
| Line 23 | Intellectual property products | LM215013765 | 202.2 | 218.2 | 233.6 | 214.0 | 218.2 | 219.2 | 222.3 | 227.8 | 233.6 |
| Line 24 | Net U.S. financial claims on the rest of the world | FL882090265 | -19223.8 | -24954.8 | -26130.2 | -23138.4 | -24954.8 | -23001.9 | -24269.4 | -25869.2 | -26130.2 |
| Line 25 | U.S. financial claims on the rest of the world | FL264194005 | 30290.2 | 32130.0 | 39342.4 | 33317.1 | 32130.0 | 33584.3 | 36212.4 | 38078.5 | 39342.4 |
| Line 26 | U.S. holdings of foreign corporate equities | LM263164100 | 11267.0 | 11996.3 | 15031.2 | 12616.0 | 11996.3 | 12415.3 | 13669.6 | 14569.2 | 15031.2 |
| Line 27 | Other U.S. financial claims | FL264194035 | 19023.2 | 20133.7 | 24311.2 | 20701.1 | 20133.7 | 21169.0 | 22542.8 | 23509.3 | 24311.2 |
| Line 28 | Less: Foreign financial claims on U.S. | FL264090005 | 49514.1 | 57084.8 | 65472.6 | 56455.6 | 57084.8 | 56586.1 | 60481.8 | 63947.7 | 65472.6 |
| Line 29 | Foreign holdings of U.S. corporate equities | LM263064105 | 13415.2 | 16899.6 | 20454.9 | 16278.2 | 16899.6 | 16190.2 | 18131.5 | 19609.1 | 20454.9 |
| Line 30 | Other foreign financial claims | FL264090035 | 36098.8 | 40185.2 | 45017.7 | 40177.4 | 40185.2 | 40395.9 | 42350.4 | 44338.6 | 45017.7 |
| Memo: | |||||||||||
| Line 31 | A. U.S. net wealth (line 1) | FL892090005 | 144538.7 | 156715.3 | 168758.9 | 155506.4 | 156715.3 | 154524.0 | 161581.0 | 167145.5 | 168758.9 |
| Line 32 | Change in U.S. net wealth | FC892090005 | 9317.5 | 12176.6 | 12043.5 | 2182.1 | 1208.9 | -2191.3 | 7057.0 | 5564.5 | 1613.3 |
| Line 33 | Percent change in U.S. net wealth | PC892090005 | 6.89 | 8.42 | 7.68 | 1.42 | 0.78 | -1.40 | 4.57 | 3.44 | 0.97 |
| Line 34 | B. Household net worth5 | FL152090005 | 156080.7 | 169619.2 | 184105.6 | 168846.9 | 169619.2 | 168759.5 | 175697.6 | 181932.6 | 184105.6 |
| Line 35 | Change in household net worth | FC152090005 | 12333.2 | 13538.5 | 14486.4 | 4144.4 | 772.4 | -859.7 | 6938.1 | 6235.1 | 2173.0 |
| Line 36 | Percent change in household net worth | PC152090005 | 8.58 | 8.67 | 8.54 | 2.52 | 0.46 | -0.51 | 4.11 | 3.55 | 1.19 |
Notes:
- U.S. net wealth measures the value of tangible assets controlled by the household and nonprofit organizations, nonfinancial and financial business, and government sectors of the U.S. economy, net of U.S. financial obligations to the rest of the world (sum of lines 2+7+12+13+16+20+24).
- Assumed to be equal to proprietors' equity in noncorporate brokers and dealers.
- Estimated as the market value of corporate equity, plus foreign direct investment: equity, plus miscellaneous other equity (excluding proprietors' equity), plus total liabilities, less total financial assets.
- Excludes land and nonproduced nonfinancial assets.
- Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
Last Update: 2026-03-19