According to the Federal Reserve’s Q4 Flow of Funds Report, household net worth gained $2.1 trillion during the fourth quarter of last year. Net worth, defined as the difference between the value of household assets and liabilities, rose to an estimated $56.8 trillion during the final three months of 2010, up nearly 6.0 percent from the year before. Outstanding mortgage debt fell by 0.3 percent. Increases in net worth are a positive sign that improvements in the job market and overall economy should strengthen household finances and reduce the number of delinquencies and homeowners struggling to meet their mortgage requirements. More here and here.