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.
The survey showed other stark contrasts. While Black households saw their median income fall by 2% - versus a 3% rise for all families - their median net worth shot up by 60% to outpace all other racial and ethnic groups during those three years
The poor got richer
How the hell do you make less money and increase net worth? Is this only surveying home owners?
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
Because most people got money from the government during the pandemic.
It says black households, and you said “the poor”. I think that’s sad.
Well an increase from $1 to $1.60 is richer, I guess. Yay