'The net worth of U.S. households fell in the third quarter for the first time in three years, hit by a fall in the value of their stock holdings and rising debts, giving mixed signals on the outlook for consumer spending.
The decline was modest, pushing the vast total wealth of American families down just $140 billion to $81.35 trillion, a report by the Federal Reserve showed on Thursday.
But it breaks a long uninterrupted chain of gains that many economists say have gradually made U.S. consumers more willing to spend their cash. Many economists think consumers spend a few cents out of every dollar that their net worth increases.
The last time net worth declined was in the third quarter of 2011.'
U.S. household net worth falls for first time since 2011
Take QE away...