WEALTH WELLSPRING
01/06/2025 |
From 1999-2007, median family wealth was $50,000. From 2008 through 2014 it doubled to $100,000, where it remained through 2018. From 2019 through 2022 it vacillated substantially but nonetheless rose to $125,000. However, starting in 2023 through the end of 2024, because of rising home prices and stellar equity gains, median wealth doubled to $250,000, a major reason why consumer spending is so strong. Going forward, equities increasingly matter.