News@lemmy.world · 1 year ago

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

www.cnn.com

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

www.cnn.com

return2ozma@lemmy.world to

News@lemmy.world · 1 year ago

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

www.cnn.com

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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1 year ago
That’s probably because house and vehicle values have inflated so much.
- KevonLooney@lemm.ee
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  1 year 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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