Dr. Andrew Glass, DPM, is a podiatrist with more than 20 years of experience at NY Podiatric Medicine and Surgery. He is board-certified by the American Board of Multiple Specialties in Podiatry (ABMSP).
 
Rising stock market prices pumped wealth back into Americans’ pockets at the end of last year, but declining property values, slowed credit growth, and a drop in corporate profits may show the influence of Federal Reserve rate hikes beginning to take hold.
Household net worth rose 2 percent to $147.71 trillion in the fourth quarter of 2022 from $144.78 trillion at the end of the third quarter, the Federal Reserve reported on Thursday. The value of holdings of equities increased $2.7 trillion, while real estate values dropped by about $100 billion….