"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."
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.
Read at 24/7 Wall St.
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