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Thursday, July 18, 2024

A middle-aged Millionaires’ Row: Average US 50-something now has net worth over $1M

Sometime around age 50, the average American can now expect a household net worth exceeding $1 million. How did so many fifty-somethings become millionaires? Household wealth swelled at a record pace during the pandemic. Between 2019 and 2022, the median net worth of American families jumped 37% to …

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