According to the Federal Reserve's Survey of Consumer Finances, the inflation-adjusted median net worth for US households jumped 37% to $192,900 from 2019 to 2022. This marked the largest three-year increase since 1989 and was more than double the next-largest one on record. The surge in net worth was attributed to lower interest rates and loan forbearance programs during the pandemic, which put US consumers on more solid financial footing, according to research from the New York Fed.
US consumers are on more solid footing thanks to lower interest rates and loan forbearance programs during the pandemic, according to new research from the New York Fed https://t.co/zyvm7h1dz4
US consumers are on more solid footing thanks to lower interest rates and loan forbearance programs during the pandemic, according to new research from the New York Fed https://t.co/iRmNi91rjn
« Inflation-adjusted median net worth jumped 37% to $192,900 from 2019 to 2022, according to @federalreserve Survey of Consumer Finances. That marked the largest 3-year increase back to 1989, and it was more than double the next-largest one on record » https://t.co/tBi3D7PaQX https://t.co/szskYHJ73A
Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record https://t.co/H2xWE5RVcl
"Inflation-adjusted median net worth jumped 37% to $192,900 from 2019 to 2022...That marked the largest three-year increase in data back to 1989, and it was more than double the next-largest one on record." @atanzi https://t.co/QyjpiRVO6Y
1/5 According to the New York Times, "American families saw the largest jump in their wealth on record between 2019 and 2022, as rising stock indexes, climbing home prices and repeated rounds of government stimulus left people’s finances healthier." https://t.co/1iEgRQpWoL