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Post by avordvet on Jun 12, 2012 5:00:35 GMT -5
Number one: this is from the Fed, so I believe it is low balled. Second: this covers 2007 to 2010... add two more years of an absolutely devastated economy and imagine what it is now. Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve saysThe 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. www.washingtonpost.com/business/economy/fed-americans-wealth-dropped-40-percent/2012/06/11/gJQAlIsCVV_story.html
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Post by avordvet on Jun 12, 2012 5:13:33 GMT -5
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