It's great that the US Economy is performing so much better than the rest of the world, but what good is that if people don't feel like it's going well?
> The most recent report found that, from 2019 to 2022, the net worth of the median household increased by 37 percent, from about $141,000 to $192,000, adjusted for inflation.
> An important caveat to the wealth statistics is that much of the recent increase came from the surge in home prices.
These are two sides to the same coin. Rising home values are a zero-sum game. It makes people look wealthier on paper, but there's nothing good that comes from gains in housing prices.
> The most recent report found that, from 2019 to 2022, the net worth of the median household increased by 37 percent, from about $141,000 to $192,000, adjusted for inflation.
> An important caveat to the wealth statistics is that much of the recent increase came from the surge in home prices.
These are two sides to the same coin. Rising home values are a zero-sum game. It makes people look wealthier on paper, but there's nothing good that comes from gains in housing prices.