The average American household has a net worth of $1.06 million

A wealthy looking woman opening her car

The median inflation-adjusted net worth for the average household was $1.06 million in 2022, according to the Federal Reserve’s Survey of Consumer Finances. EMS-FORSTER-PRODUCTIONSGetty Images It may be hard to believe when money is tight amid the cost of living crisis, but the average American household has achieved millionaire status. More specifically, the average inflation-adjusted …

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