Americans’ Net Worth Surged by a Record 37 Percent from 2019-2022
This reflects the pandemic era’s tremendous economic swings
Americans’ net worth surged at a historic pace from 2019 to 2022, a reflection of the pandemic era’s tremendous economic swings and the wealth generated from homeownership and financial assets, according to Federal Reserve data released Wednesday.
Real, or inflation-adjusted, median net worth swelled by 37 percent in 2022 from the pre-pandemic 2019, according to the Fed’s latest Survey of Consumer Finances, a triennial survey that’s been conducted since 1989 to comprehensively measure income, net worth, credit use, debt and other financial outcomes for American families.
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