Household wealth refers to the total value of assets, such as money, property, investments, and possessions, owned by a household or family. It represents the financial worth or economic value of everything that a household owns. Full definition
From the demand side, this year's growth was driven in significant part by a more than $ 6 trillion increase in household wealth from the stock market rally. (larrysummers.com)
In particular, real estate is the largest component of household wealth accounting for approximately half of all total assets. (canadianbusiness.com)
The possible channels for such an impact could be expected to include effects on household wealth, business and consumer confidence, and associated impacts on spending decisions. (rba.gov.au)