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Nick Maggiulli breaks down the numbers better in "What is the Average Net Worth by Age?": > So what is the median net worth of all U.S. households in 2022? >
by throw0101a 3y ago
Nick Maggiulli breaks down the numbers better in "What is the Average Net Worth by Age?":
> So what is the median net worth of all U.S. households in 2022?
> $192,700.
> This is about 1/5 of the average net worth and an inflation-adjusted increase of about $50,000 since 2019 when the median net worth was $141,145.
> But, once again, these figures don’t adjust for age, arguably the most crucial variable we need to control for to do a fair comparison. So, let’s do this now.
* https://ofdollarsanddata.com/average-net-worth-by-age/ https://ofdollarsanddata.com/average-net-worth-by-age/
- mariojv 3y agoThose numbers make this paper net worth increase seem so ridiculous. Did the median American really become 36% richer since just before the start of covid? I suppose you could argue people spent less and were able to pay off a lot of debt. I suspect more that a housing correction is overdue, although it remains to be seen if this will take the form of housing staying flat while inflation nibbles away at the real value or an actual price drop.