If you’re a typical family, you’re considerably poorer than you used to be. No wonder the “recovery” feels like a recession. A new study published by the Russell Sage foundation helps explain why many families feel like they’re falling behind: They actually are. The study, which measures the average wealth of U.S. households by income level, reveals a startling decline in wealth nationwide. The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago. finance.yahoo/blogs/daily-ticker/for-most-families--wealth-has-vanished-172130204.html
Posted on: Tue, 24 Jun 2014 22:17:34 +0000
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