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MNI BRIEF: Median US Net Worth Sees Huge Jump During Covid-Fed


U.S. families saw the largest jump in median net worth between since 1989 during the covid pandemic and its aftermath as rising house and stock prices strongly outpaced rising inflation, according to the Federal Reserve's triennial Survey of Consumer Finances published Wednesday.

Between 2019 and 2022, real median net worth surged 37% to USD192,900, and real mean net worth increased 23% to USD1,063,700, the Fed found. The survey also broke out data for Asian families for the first time, finding income and net worth for Asian and white non-Hispanic families to be substantially higher than for black non-Hispanic, Hispanic, and other and mix race families. Overall, income growth was largest at the top, consistent with some increase in income inequality during these three years, the Fed said.

Federal Reserve

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MNI Washington Bureau | +1 202-371-2121 |

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