What Powered the Changing Wealth Figures in 2022?

Certain assets contributed more than others to the changes in wealth from 2019 to 2022. Home equity was responsible for 68% of the Black and 61% of the Hispanic increases in wealth. It made up just a quarter for Whites. Meanwhile, White wealth was driven more equitably between retirement funds, some form of cash and "other wealth". Vehicles, in red, increased in value but over time with depreciate in value unlike the other assets.