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11/25/2024 | Press release | Distributed by Public on 11/25/2024 09:09

Wealth of Households: 2022

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Wealth of Households: 2022

Wealth of Households: 2022

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Wealth of Households: 2022

November 2024

Written by:

Briana Sullivan and Shomik Ghosh

Report Number: P70br-202

Introduction

Wealth is an important indicator of economic well-being that provides valuable insights into a household's economic health. For example, during financial hardships, such as unemployment, illness, or divorce, wealth is a source of liquidity to pay expenses and bills. This brief uses the 2023 Survey of Income and Program Participation to examine household wealth in 2022.

For additional detailed wealth data, refer to the National Wealth, Asset Ownership, & Debt of Households Detailed Tables and State-Level Wealth, Asset Ownership, & Debt of Households Tables. These tables provide wealth and debt measures for a variety of demographic, social, and household characteristics, including information on home equity, retirement accounts, vehicle debt, credit card debt, and student loans.