Household Wealth Increases in Q1 By $2.8T

The Federal Reserve reported today that U.S. household net worth increased in the first quarter of 2012 to $62.85 trillion, the highest quarterly level since the last quarter of 2007 when the recession started.  Household wealth increased $2.82 trillion during the January to March period this year, which was the largest quarterly increase in more than five years, going back to the last quarter of 2004.

Here are news reports from Bloomberg and Fortune.