Income rose for most families but the change wasn't uniform across all demographics. Changes in U.S. Household Finance 2019 to 2022
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-Medium net worth was $192,900 at 37% increase from 2019-22
-Real mean family income grew 15 percent.
-28 percent, reported that their income during the 2021 calendar year.
-Homes and stocks didn't necessarily rise for the bottom 20%.
-Bottom 25% had net worth of $3,500 while the top 10% had $3.8 million in 2022. The top 10% had $3.8 million.
Is it possible that some of the increase in consumer spending didn't go into the debt category?
-Real mean family income grew 15 percent.
-28 percent, reported that their income during the 2021 calendar year.
-Homes and stocks didn't necessarily rise for the bottom 20%.
-Bottom 25% had net worth of $3,500 while the top 10% had $3.8 million in 2022. The top 10% had $3.8 million.
Is it possible that some of the increase in consumer spending didn't go into the debt category?
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