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Surge in wealth since 2020 helps sustain US economic growth journalrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journalrecord.com Daily Mail and Mail on Sunday newspapers.
The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2020 through 2022, while relatively low interest rates at that time made it easier for households to pay their debts, according to a government report Wednesday. ....
Wealth for the median household the midpoint between the richest and poorest households jumped 37% during those three years, the Federal Reserve reported, to nearly $193,000. ....
A surge in wealth has boosted most US households since 2020 and helped sustain economic growth neworleanscitybusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neworleanscitybusiness.com Daily Mail and Mail on Sunday newspapers.