Free Republic

A new report from the Federal Reserve claims that the average American household actually saw an increase in its net worth during the Chinese pandemic ... In 2019, the median U.S. household had a net worth of $141,100, adjusted for inflation. In 2022, that number rose to $193,000. At the same time, various measures of “financial fragility” declined over the same period, with the median debt payments as a share of income falling to 13.4%, the lowest rate in the 33 years since the survey was first started. “It’s especially striking given the massive job loss we saw when the...