The recent recession wiped out nearly two deca
des of Americans’ wealth, according to government data released Monday, with middle-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. Read More…
Posted on June 12, 2012 at 9:06 am in Political Commentary | RSS feed
Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says
By Ylan Q. Mui, Published: June 11 The Washington Post
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. Read More…
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Posted on June 12, 2012 at 9:06 am in Political Commentary | RSS feed