The other thing about that chart is that is it's on a linear scale. If you have productive assets that compound returns, you should expect log structured growth

The other thing about that chart is that is it's on a linear scale. If you have productive assets that compound returns, you should expect log structured growth. https://fred.stlouisfed.org/series/BOGZ1FL192090005Q https://fred.stlouisfed.org/series/BOGZ1FL192090005Q You only get 36% if you measure from the bottom of the sharp V-shaped recession in 2020. If you measure from 2019Q4 to 2021Q4 you get something more like 29%. Still sounds like a lot, but compare 2002Q4 through 2004Q4 - that's also about 26%, it's just not so obvious on the linear scale. In fact, if you look at the percentage growth over a two-year look-back, household wealth has grown by at least 20% on multiple occasions on that time series. For comparison, this is what the same timeseries looks like if you plot it ending at the end of 2004: https://imgur.com/EehsZbs https://imgur.com/EehsZbs