A surge in wealth has boosted most US households since 2020 and helped sustain economic growth
WASHINGTON (AP) - The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2020 through 2022, while relatively low-interest rates at that time made it easier for households to pay their debts, according to a government report Wednesday. Wealth for the median household - the midpoint between the richest and poorest households - jumped 37% during those three years, the Federal Reserve reported, to