American Families' Net Worth Surged 37% Since 2019 Amid Housing Gains
Between 2019 and 2022, the median household net worth in the U.S. increased by 37%, reaching $192,900, largely due to a 44% rise in housing wealth among homeowners. However, median income only rose slightly by 3%. The surge was attributed to low interest rates and asset price gains rather than wage growth.
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Topics: Housing Market Income Growth Net Worth Wealth Inequality