U.S. families’ wealth broadly rose in the years headed 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 rose, 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. The report is produced every three years.
Families…
