There it is guys. Real estate and stocks fueling the growth.
What a great run since 2020.
In contrast, household debt rose at the fastest pace since 2022. Cash on hand dropped a little from $18.51 trillion to $18.44 trillion. People feeling the pinch of inflation.
Real estate is not very liquid and a lot of the stock growth for average americans is stuck in retirement plans where it can' t be touched without penalties.
But the bottom line if you risked and invested you got your reward.
Less liquidity, debt is higher and median is no better. Again, the tycoons in the market are driving the total figures. Which is why the lefty media led with that number.
Also, why are non-profits included with the household figure? I honestly don't know. Maybe it's always included.
You know where the devil is.
is this adjusted for inflation, since bacon is now running $8 a pound?
asking for a friend that believes they can't trust anything the press is reporting,\
especially when it's all sourced from Reuters