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To: goldworldnet who wrote (490596)6/11/2012 4:30:11 PM
From: FJB4 Recommendations  Read Replies (1) | Respond to of 794001
 
Fed: Americans’ wealth dropped 40 percent


By Ylan Q. Mui, Updated: Monday, June 11, 11:18 AM

The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.

The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992.


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washingtonpost.com