The Average Household Is A Millionaire With A $1.06 Million Net Worth, According To The Fed — So Why Do People Still Feel Broke?

On paper, Americans have never been richer. According to the Federal Reserve's latest Survey of Consumer Finances, the average U.S. household net worth hit $1.06 million in 2022 — a 23% jump from $868,000 just three years earlier. That's right. Millionaire status. Technically. The survey, conducted every three years, captures the total value of assets...