Americans' net worth surged by a record 37% from 2019-2022

www.cnn.com

Americans' net worth surged by a record 37% from 2019-2022

www.cnn.com

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News@lemmy.world · 2 years ago

Americans' net worth surged by a record 37% from 2019-2022 | CNN Business

www.cnn.com

Americans’ net worth surged at a historic pace from 2019 to 2022, a reflection of the pandemic era’s tremendous economic swings and the wealth generated from homeownership and financial assets, according to Federal Reserve data released Wednesday.

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TL;DR: Rich people made a lot of money at everyone else’s expense.

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