"Record-breaking Surge: Americans' Net Worth Soars 37% Amid Pandemic Era"

American families experienced a 37% increase in their real median net worth over the past three years, reaching $192,900 in 2022, according to the Federal Reserve's Survey of Consumer Finances. This marks the largest three-year increase in the survey's history. The Fed attributed the growth to improvements in economic performance, including rising house and corporate equity prices. Median family income also rose by $2,400 to $70,300 in 2021. The survey found that nearly 100% of American families had assets, with the median holdings totaling $332,600. Retirement accounts and transaction accounts were the most popular financial assets, and the share of families with retirement accounts increased by 4%.