Pandemic Wealth: Winners, Losers, and Lingering Inequalities
TL;DR Summary
The pandemic has led to an increase in Americans' net worth across all racial, ethnic, and income groups, with the median household's net worth rising by 30% to $166,900 between 2019 and 2021. Lockdowns and reduced spending opportunities allowed many people to pay down debt and boost their savings.
- Who Got a Lot Richer and Who Didn't During the Pandemic The Wall Street Journal
- The wealth of middle-class and lower-income Americans grew at a faster rate than high earners early in the pandemic CNN
- Wealth Surged in the Pandemic, but Debt Endures for Poorer Black and Hispanic Families Pew Research Center
- COVID made Americans wealthier, but racial wealth gap remains The Boston Globe
- Despite hating the economy, the typical American became 30% wealthier during the pandemic Fortune
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