Friday, November 30, 2012

Hope and Change: Americans poorer than since 1969

By Donald Sensing

Study: American Households Hit 43-Year Low In Net Worth « CBS DC:

WASHINGTON (CBS DC) – The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.
Bookmark and Share