A much-welcomed ray of sunshine descended on the news recently by way of a new report from the Federal Reserve Board.
It seems that important measures of the net worth of U.S. households — our total assets minus total liabilities — rose markedly following the 2019 COVID pandemic.
But before popping corks and celebrating, we should look a bit closer and recognize that the source of some of those gains may come back to haunt us. First, let’s look at the good news.
