Median net worth soared 37% from 2019 to 2022, Fed study finds

Real median net worth surged a whopping 37% between 2019 and 2022, the Federal Reserve revealed in a report.

The Fed released a 58-page report on Wednesday analyzing changes in family finances based on its survey of consumer finances, which it has been conducting every three years since 1989. The newest report is of particular interest because it assesses a period that includes the coronavirus pandemic and the country’s worst inflation in decades.

From 2019 to last year, real median net worth — that is, net worth adjusted for inflation — went up by 37% to $192,900, while real mean net worth increased 23% to just over $1 million. That huge uptick adds to the “steady growth” in real net worth that was notched from 2013 to 2019, according to central bank researchers.