Americans’ net worth surged by a record 37% from 2019-2022
- The median net worth of the typical U.S. Household grew by 37% from 2020 to 2022, reaching nearly $193,000, thanks to the rise in home values and higher stock prices, alongside an increase in homeownership and stock ownership.
- Despite the pandemic recession that caused 20 million job losses, the U.S. economy remained strong, thanks to the broad-based increase in household wealth, which contributed to consumer spending.
- While wealth inequality still persists, the increase in household net worth benefited Black and Hispanic households more, with a 60% jump for Black households and a 47% surge for Hispanic households. However, the median net worth for these groups remained comparatively low.
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Total News Sources0
Leaning Left9Leaning Right7Center15Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 29%
C 48%
R 23%
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