Relevant:
- Family net worth plummets 40%
- How long will it take black families to catch up with white wealth? A Mere 228 Years.
- For most families, wealth has vanished - Survey "Fills In Blanks" of Federal Reserve Data
- America Without a Middle Class
- Decline of the U.S. Middle Class, Both in Reality and Perception
2012-06-12 — washingtonpost.com
The recent recession wiped out nearly two decades of Americans' wealth, according to government data released Monday, with Âmiddle-class families bearing the brunt of the decline.
The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.