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The Rich Get Richer: Ownership Drives Net Worth -- Diverging Trends in Median and Mean Net Worth
Key indicators associated with household wealth might give the impression that balance sheets should be in much better shape than they actually are. Home prices, for example, are at or near their pre-recession peak in many markets. Stock prices are more than 80 percent above their prerecession peak. Yet, in inflation-adjusted terms, median household net worth is still about 30 percent below where it was back in 2007 (Figure 1). Only the wealthiest American families have fully recovered from the financial crisis (Figure 2).
