Get all your news in one place.
100's of premium titles.
One app.
Start reading
WEKU
WEKU
Scott Horsley

Why the average American family's net worth increased 37% during the pandemic

Household finances improved between 2019 and 2022, according to a new survey from the Federal Reserve. Home ownership increased, despite a drop in affordability. (Saul Loeb/AFP via Getty Images)

Americans' family finances overall improved in recent years, despite the economic upheaval caused by the pandemic, according to a new survey from the Federal Reserve.

The average family's net worth jumped 37% between 2019 and 2022. That's the largest three-year increase since the Fed began conducting the survey more than three decades ago.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.