According to the 2022Federal Reserve Consumer Finance Survey, the average American household's net worth, adjusted for inflation, was $1.06 million. That's right. The average American household, some of which consists of individuals, is a millionaire! In comparison, in 2019 the average net worth...
The current median income of an American household is $46,326.ÂAs you can see from the above chart over the past 40 years the top 10 percent of households have seen steady gains (the chart is based on 2003 dollars) while the other 90 percent of our population...
nor whether and how this relationship varies by household income. To examine these issues, we use eleven waves of the Panel Study of Income Dynamics data between 1997 and 2017 and individual fixed effects, as well as propensity score matching and a quasi-experimental design. Our analyses show ...