The net worth of the Americans has begun to rise and their depleted savings are again rising.

This was revealed by the latest data released by the Federal Reserve. As per it, the household net worth of America has increased by 1.3 per cent during the last quarter.

The data showed that the national net worth has also risen. It has now become $54.2 trillion, which is much higher than the level it had after the recession struck.

But to be able to reach the pre-recession level, it has to increase by another 21 per cent over the current level. The pre-recession level was $66 trillion.

Most of this rise has been because of the economy getting boosted by the stock portfolios. The value of stock portfolios has been up by nearly 4 per cent to reach $7.7 trillion.

Besides this, the rise in house prices has also done its bit, though very marginal.

Although, this is a very good sign of recovery, the economists put forward their cautions. As per them, if the economy wants to get to get proper recovery then a stronger and more prolonged increase in real terms is required.