Monday, June 11, 2012

Federal Reserve: American Families' Net Worth Plunged 39 Percent Over Three Years

Source: The Washington Post

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.

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