Between 2019 and 2022, the median household net worth in the U.S. rose by 37% to $192,900, while median income only increased by 3% to $70,300. This disparity indicates that wealth accumulation was driven largely by asset price gains, particularly in housing. The median net housing value for homeowners surged by 44%, contributing significantly to net worth increases. However, households without homes did not benefit from this growth, highlighting a divide in wealth accumulation.
"The median net housing value rose 44%, from $139,100 to $200,000, contributing significantly to the increase in household net worth. Homeowners saw a six-figure improvement in net worth without changing their behavior."
"The 37% headline gain in net worth is primarily a homeowner story, concentrated among those who already held the most equity, leaving renters and recent buyers on the other side of the price surge."
Read at 24/7 Wall St.
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