household

Children in these households are also at greater risk of violence, neglect, poor health, and limited opportunities later in life.

Millionaire households have nearly doubled in four years.

But as more households tie their financial fate to that of the stock market, the risk of a far-reaching downturn is greater.

The S&P 500’s advance since November 2022 is largely tied to the Magnificent Seven tech stocks, boosting household wealth by about $8.5 trillion.

Roughly two-thirds of the money teens spend in a year comes from parental contributions—which suggests that household heads may be curbing allowances.