WeWork Goes Bankrupt
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American Finances: 2019-2022 Trends
This chapter analyzes the impact of the pandemic on American finances, highlighting changes in family net worth, income, and debt as reported by the Federal Reserve. It discusses the widening income disparity, the relationship between education and financial well-being, and the importance of home ownership for wealth accumulation. Additionally, it addresses the role of financial assets in achieving long-term goals, revealing the state of retirement savings among American families.
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