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Friday, November 30, 2012

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

Study: American Households Hit 43-Year Low In Net Worth « 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."

We'll be longing for these days by 2016.

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