The stock market decline has led to a decrease in U.S. household net worth for the first time since 2023, with deposits reaching a record high

Affected by the stock market sell-off triggered by tariffs, American household assets experienced their first decline of 2023 at the beginning of the year. A report released by the Federal Reserve showed that American household net worth decreased by $1.6 trillion quarter-on-quarter, to $169.3 trillion, a decline of 0.9%. The value of stocks held by American citizens decreased by $2.3 trillion. Due to concerns that President Trump's trade protectionist policies would suppress economic growth and profit prospects, investors experienced a multi-trillion dollar stock market crash in the first quarter. The value of real estate holdings fell by $227 billion, marking a third consecutive decline, reflecting a sluggish real estate market