The latest financial data for the United States from the Federal Reserve show that household wealth has again reached a new record high. Yet, not all is well with household finances. Households also face increasing financial risks from investing too much in housing and stocks, for example. As has been the case in the past, people may ignore those mounting risks and end up making decisions that they ultimately come to regret. These could include stretching their budgets to buy a bigger house or retiring sooner than they otherwise would have.The above excerpt was originally published in Forbes .