Americans’ net worth grew at historic pace from 2019 to 2022 ...Middle East

There was a historic surge in Americans’ net worth from 2019 to 2022, new Federal Reserve data released Wednesday reveals. Real median net worth ballooned by 37 percent between 2019 and 2022, more than double the next-largest increase on record, according to the Fed’s Survey of Consumer Finances. But income inequality also widened and affordable housing fell to historic lows, trends exacerbated by massive economic disruptions as a result of the pandemic, the report found. Black and Hispanic families were also increasingly pessimistic about their financial futures, Fed researchers found: while Black and Hispanic families saw faster growth in wealth than the average white family be

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