Between 1989 and 2022, in inflation-adjusted terms, the median net wealth of those with college degrees has increased 58%, whereas it has decreased 32% for those without high school diplomas. One explanation is the group without high school diplomas shrunk from 1989 to 2022.
November 27, 2023
Virtually all families hold some amount of financial assets, broadly defined. While 99% of families held checking or savings accounts in 2022, only 54% of families held retirement accounts and 21% owned stocks.
November 20, 2023