Oct 19, 2023

Household net worth soared during the pandemic

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The pandemic was a financial rollercoaster for many, but it turns out the median household saw a 37% jump in net worth from 2019 to 2022 after adjusting for inflation.

Segments From this episode

What is going on in the treasury market?

by Sabri Ben-Achour

When investors started realizing months ago that this economy is going to have high interest rates for a long time, the market drove the yield on the 10-year T-note up. But now those yields are going up even more — so what is that telling us? Diane Swonk, chief economist at audit tax and advisory firm KPMG, joins us to discuss.

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U.S. households' net worth surged during pandemic, Fed Reserve survey finds

by Nancy Marshall-Genzer

Oct 19, 2023

Net worth increased, even for low-income families. But is this just a temporary improvement in the wealth gap?

Things like pandemic relief checks and extended unemployment helped U.S. households' median net worth soar 37% between 2019 to 2022 after adjusting for inflation.

Scott Olson/Getty Images

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Music from the episode

"Listen to Your Heart." "No." Cheekface

The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Ariana Rosas Producer

Nic Perez Director/Producer

Dylan Miettinen Digital Producer

Jesson Duller Media Producer

Brian Allison Technical Director

Nick Esposito Media Producer

James Graham Producer, BBC

Jo Critcher Producer, BBC

Naomi Rainey Producer, BBC

Lis Mahy Producer, BBC

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