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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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blazera
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fedilink
7•9 months ago
How the hell do you make less money and increase net worth? Is this only surveying home owners?
- @ezchili@iusearchlinux.fyi
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  fedilink
  2•9 months ago
  Assets ballooned and especially homes
  
  64% of the population owns a house so you don’t need to only survey homeowners, they’re a big part of the population
- @iopq@lemmy.world
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  fedilink
  1•9 months ago
  Because most people got money from the government during the pandemic.

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