Summary Box: Net worth up for 2nd straight quarter

AP News
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Posted: Dec 10, 2009 5:24 PM

WHAT HAPPENED: American households' net worth rose 5 percent, to $53.4 trillion, in the third quarter. It was the second straight quarterly increase.

WHY: Stock investments surged about 17 percent. Home values rose a modest 2 percent.

WHAT DOES IT MEAN: It's a hopeful sign for the economy. But analysts say it could take three more years for net worth to return to its pre-recession peak. Home prices are likely to drop again. And the stock market rally doesn't appear sustainable.