Record Wealth Surge for U.S. Families Despite High Inflation and Cost of Living

Median net worth of U.S. families surged 37% from 2019-2022 to $192,900, the largest increase ever recorded.

Inflation hit 40-year high in 2023 with record federal interest rate hikes, making everything more expensive.

$2.6 million is the net worth of median American families in top 10% income bracket, considered wealthy.

$483,000 is the annual income figure Americans believe is needed to be rich, over 6 times average salary.

$1 million net worth still seen as the gold standard for achieving wealth in America.