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Household wealth per capita (2019 dollars)

InequalityInequalityHousing & homelessness

While the COVID recession in March 2020 at first reduced household wealth through declines in share and housing prices, a combination of lockdowns, public income support, and low interest rates dramatically lifted household saving and wealth from mid-2020 through to December 2021. The largest contributor to this increase in wealth was a sharp rise in housing prices, as shown on this graph.

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