Household Wealth Rose in Years Before Pandemic, Fed Says

U.S. families’ income and wealth rose in the years heading into the coronavirus pandemic, with those in lower-income and lower-wealth categories reaping relatively large gains, the Federal Reserve said in a report on household finances.

As property and stock prices increased, households’ median net worth, or wealth, rose 18% to $121,700 from 2016 to 2019, according to the Fed’s Survey of Consumer Finances released on Monday. The report is produced every three years.

RISE IN STOCKS, PROPERTY PRICES, SPECULATIVE IN NATURE, CANNOT BE TREATED AS PROSPERITY UNLESS SUPPORTED WITH ADDITIONAL WEALTH CREATION. VALUATIONS CAN BE CHANGED WITH OPINIONS. STOCKS, PROPERTY PRICES MAY CHANGE. ARTIFICIAL OVER VALUATIONS WILL NOT SUPPORT FOR LONGER PERIOD.

It’s all POTUS s fault.....

Wealth on paper only. Salaries were stagnant. Only increase was property values which made taxes go up. Just another assumption oriole got richer but prices went up food and essentials.

Thanks Obama

A testament to Mr Trump's financial policies. AmericaFirst! MAGA2020!

Ask those who lost their homes in 2008, or found themselves under water on their mortgages, what an illusion such a metric as “property and stock prices” really is. Net worth don’t mean squat when a family can’t pay for basic necessities like food, heat, insurance or childcare.

Or other more accurate headlines would be.. 'Median wage and household wealth have only just returned to 2000 levels' or 'The decade long depression for the bottom 50% of Americans'

What were the gains between 2010 and 2016?

The Fed, enriching the wealthy and raping the middle class once again. Thanks federalreserve!

Simple: I've given the action if Demagogue Donald does not exit the White House via an amicable transition. Gas him and shoot rubber bullets at this thug, traitor, hoodlum to oust him. Arrest him for criminal trespass if he reenters the grounds. Clean out the 'hamberder' crumbs.

The middle point between the richest and the poorest went up, ok, but how much of that was driven by the skyrocketing net worth of the super rich?

Thanks to Barack Obama and then the debasing gig economy. The wage earners flatlined or dipped in their income & wealth attainment. Priced out of their neighborhoods(residents n local biz). It started decades ago but the rich only felt it in 2008; but they kept the mansions

As the Fed diverged from historic inflationary and interest rate policy, asset appreciation would be expected. Doesn't give the consumer any more wages to spend however, which is why growth in corporate profits stalled.

And then Trump fucked it all up. WSJMurdochRag

Yes stocks gained for a bit, but I've lost every gain and then that loss doubled. I didn't have a lot to start, but it was my retirement. I'll probably never recoup

The Marx is strong in the WSJ tonight, did the cancer infect them too, or are they just doing it for clicks?

Which families?

VERY MISLEADING WSJ ARTICLE

Folks this is median, not an average— It’s a good thing for middle class America, regardless of your politics.

'As property and stock prices increased ...' What about those who don't own their home nor have a stock portfolio? Don't count?

And I wonder how much their income tax $’s paid increased y/y with the increase in wealth? More or less than $750 per person?

You mean years under Trump.

Ya the same Federal Reserve that bailed out big corporations during COVID19 while hard working Americans got 1,200. I don't believe 1 stat coming out of this administration. We got a president who's in debt at least 400 million dollars, & pays no taxes the WhiteHouse was caught

Not mine. Less than 50% of people own stocks. So, if you average the big gains for 50 % with no gains for the other 50 % it averages out to 18 % for everybody. Deceiving as usual.

Russia saw a boom in its early years under Putin. Unfortunately corruption and incompetence always finds a way of catching up.

Ponzi assets $36 trillion in stock “value” = $0 real money

hmmm, not mine.

meanwhile in yemen

And taxes went down too! Good job realDonaldTrump !

Hard to believe this is true in Mississippi.

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