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Household Wealth Rose in Years Before Pandemic, Fed Says

families’ income and wealth rose in the years heading into the coronavirus pandemic, with those in lower-income and lower-wealth categories reaping relatively large gains, the Federal Reserve said in a report on household finances.As property and stock prices increased, households’ median net worth, or wealth, rose 18% to $121,700 from 2016 to 2019, according to the Fed’s Survey of Consumer Finances released on Monday.
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