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News@lemmy.world • 9 months ago

Americans' net worth surged by a record 37% from 2019-2022

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Americans' net worth surged by a record 37% from 2019-2022

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News@lemmy.world • 9 months ago

Americans' net worth surged by a record 37% from 2019-2022 | CNN Business

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.

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@dan1101@lemm.ee
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11•9 months ago
That’s probably because house and vehicle values have inflated so much.
- @KevonLooney@lemm.ee
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  4•9 months ago
  This is true. Assets like houses are somewhat immune to inflation. If prices go up 10%, houses will just go up 10% too.

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