Household Wealth Jumps 37% Since 2019 Due to Rising Asset Prices, Though Inequality Persists

Median household net worth jumped 37% from 2019 to 2022 to nearly $193,000 due to rising home values and stock prices.

Government stimulus payments during the pandemic recession boosted households' finances. Median cash holdings rose 30%.

More Americans bought individual stocks, likely reflecting the "meme stock" craze. Direct stock ownership rose from 15% to 21%.

Substantial wealth inequality remained between the richest 10% and other households.

Income disparities worsened even as wealth inequality declined. Average incomes jumped 15% among the wealthiest households.