Date uploaded: 2023-10-25 21:58:13

What does it take to be wealthy in 2023? In different ways, the average American family feels both wealthier and poorer now than a few years ago. Median household wealth hit $192,900 last year, up 37% since 2019, the largest jump in the history of the Federal Reserve’s Survey of Consumer Finances. But inflation also hit a 40-year high in 2022, and in 2023, interest rates surged to the steepest mark in 22 years, developments that left everyone’s purse feeling a bit lighter. And in a recent survey of 2,000 Americans by the personal finance site LendingTree, 59% said they do not believe they will ever become wealthy. Swipe through the carousel above and tap the link in our bio to read more about wealth in the U.S. today.