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Americans’ incomes and net worth rose in the years after the pandemic, the Federal Reserve said in a new report covering 2022–2025.
Despite inflation climbing to its highest level in 40 years after the public health crisis, U.S. households survived economic storm clouds, with many families thriving.
Real (inflation-adjusted) median family income rose 7 percent in the three-year span to $82,200. Low-income families saw the largest gains, with the bottom 60 percent increasing by up to 7 percent. By comparison, the top 10 percent posted a 6 percent decline in real income.
This mirrors the post-crisis labor market, which tilted in workers’ favor. Employers, mainly in the services sector, bolstered wages and offered bonuses to attract talent….
Despite inflation climbing to its highest level in 40 years after the public health crisis, U.S. households survived economic storm clouds, with many families thriving.
Real (inflation-adjusted) median family income rose 7 percent in the three-year span to $82,200. Low-income families saw the largest gains, with the bottom 60 percent increasing by up to 7 percent. By comparison, the top 10 percent posted a 6 percent decline in real income.
This mirrors the post-crisis labor market, which tilted in workers’ favor. Employers, mainly in the services sector, bolstered wages and offered bonuses to attract talent….
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