America Counts: Stories Behind the Numbers
Rising Home Equity Boosted Household Wealth During Pandemic
The median net worth of U.S. households increased about $40,000 from 2019 to 2022, primarily due to rising home equity during the COVID-19 pandemic.
According to the U.S. Census Bureau’s Survey of Income and Program Participation, median household net worth was $176,500 in 2022, up from $136,500 in 2019. Among households that owned a home, median home equity increased by $47,900 during that time.
All estimates are adjusted for inflation to 2022 dollars.
A new data visualization explores changes in net worth, assets and debt across different demographic and economic characteristics from 2017 to 2022.
Among more commonly held assets, or assets held by at least half of all households, home equity had the largest value.
📊 Related Data Viz
Use our data visualization to explore how increased home equity from 2019 to 2022 contributed to a hike in U.S. median household net worth.
|
