首页 Stocks Forefront 正文

No wonder high inflation has always been a major challenge? Federal Reserve Survey: Net Asset Value of US Households Surges After the Epidemic

123458071
1291 0 0

A survey released by the Federal Reserve on Wednesday showed that in the years following the outbreak of the pandemic, the wealth of American households experienced the most significant surge on record, with both wealthy and impoverished households experiencing a general increase in wealth.
According to the triennial Consumer Financial Survey report released by the Federal Reserve, the median net worth of US households adjusted for inflation increased by 37% from 2019 to 2022. This is the largest increase since the survey began in 1989. The increase in housing prices and stock prices over the past three years has far exceeded the inflation rate, thereby boosting the growth of net assets of American households.
Federal Reserve economists have stated that wealth growth has a broad foundation in population and socio-economic groups, partially reflecting that middle-income and low-income households were more likely to own stocks and housing last year than in 2019.
During the pandemic, consumers gained significant economic benefits from the prosperity of the real estate and stock markets, government fiscal stimulus policies, and more time at home. This helps explain why even after the Federal Reserve raised interest rates to a 22-year high, consumers are still spending recklessly, and high inflation remains an unavoidable "old dilemma" for Federal Reserve officials.
Of course, strong consumer spending has also raised hopes for the US economy to avoid recession.
Leo Feler, chief economist of market research firm Numerator, said that elderly Americans in the United States have particularly benefited from the appreciation of housing and the rise of the stock market. He pointed out that this means they no longer need to worry too much about whether they have saved enough funds for the future.
This is the real situation we see. Elderly people live well and they go out to consume, "Feler pointed out.
Other groups have also achieved significant wealth growth. The median increase in net assets of black households was the highest, with their wealth increasing by 60% from 2019 to 2022. The economic benefits of the African American community stand in stark contrast to their long and slow recovery after the 2007-09 financial crisis.
Of course, the huge gap between rich and poor still exists. The median net worth of black households in 2022 was $44900, still lower than other ethnic groups. In the same year, the median net worth of white households was $285000, while the median net worth of Hispanic households was $61600. It is worth mentioning that the median net worth of Asian households is as high as $536000 (measured separately for the first time in this year's survey).
From 2018 to 2021, the median pre tax income slightly increased by 3% after adjusting for inflation. The income growth of high-income individuals is the largest, which means that inequality has expanded.
Overall, this survey is consistent with other recent data from the Federal Reserve and the Census Bureau. These data show that the trend of wealth and income concentration formed since the 1980s is rebounding at the beginning of the post pandemic era.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  • 中国政府在努力解决地方形式主义、官僚主义问题,寻求减轻基层官员的工作负担,以确保刺激经济的政策能得到有效执行。 自那以后的几个月里,中国政策制定者一直没有推出大规模刺激措施来让经济迅速复苏,这 ...
    德鲁凯
    3 天前
    支持
    反对
    回复
    收藏
  • 日本经济新闻(中文版:日经中文网)对美国知名基金公司日前披露的截至9月末的持仓股票进行分析后发现,这些基金明显倾向于投资美国内需企业。由于之前猜测特朗普会在美国总统大选中处于优势,这些基金公司可能 ...
    德鲁凯
    3 天前
    支持
    反对
    回复
    收藏
  • 导致要求谷歌分拆的裁决体现了美国反垄断法一个多世纪以来的发展历程。不过也有专家指出,目前尚不清楚法律程序还会持续多久,以及潜在的拆分何时才能实际发生,“到那时,浏览器或搜索引擎的形态可能已经和今天 ...
    德鲁凯
    3 天前
    支持
    反对
    回复
    收藏
  • 资金正从新兴市场国家的资产中流出。投资于股票的投资信托的流出规模创出了9年零3个月以来的新高,债券投资信托也连续4周净流出。其背景是坚挺的美国经济和中国经济的减速。如果美国下一任总统特朗普的政策运作 ...
    德鲁凯
    3 天前
    支持
    反对
    回复
    收藏
123458071 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    3