U.S. household wealth falls for third consecutive quarter, Fed says

U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values, a Federal Reserve report showed on Friday.

Household net worth declined to $143.3 trillion at the end of September from $143.7 trillion at the end of June, the Fed's quarterly snapshot of the national balance sheet showed.

It was the third consecutive quarter household wealth has declined.