Household wealth has grown since the Great Recession.
Despite the pandemic’s effects on the economy, the total wealth of American households has grown since the Great Recession. This is according to data from the Federal Reserve, which calculates household wealth as net worth — the value of assets subtracted by the liabilities and debts owed. Accounting for inflation, total household net worth has grown 81% from $68 trillion in the first quarter of 2009. In the fourth quarter of 2020, the total net worth of American households was $123 trillion, or roughly $900,000 per household on average.
