WRONG! Can't you read? It says after adjusting for inflation.
I'll give you a hint why this number is bullshit. It's bullshit because the mega rich made most of that money. So when we take all their gains and all your gains and divide equally, WE'RE doing really well. We are. But you? Not really. Take out the rich dudes and 50 somethings actually only have $300K of wealth. That includes their $150K home. So they only actually have $150K saved.
But that wouldn't stop Bush or Trump from bragging about this.
Household wealth
swelled at a record pace during the pandemic. From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging
home values and rising stock ownership fed the surge.
Some of the new numbers are startling. Average household net worth now tops $500,000 for Americans in their late 30s. For late-40-somethings, it exceeds $750,000. For 50-somethings, it reaches seven figures.
So America is Great Again. Thanks Biden.