Economy, Household Net Worth | featured news

Household net worth slides 35%, Census Bureau says

Household heads ages 35 to 44 -- the group usually saddled with a mortgage and college-bound kids -- have watched their median net worth slump 59% from before the recession.

 

US 2008 household wealth fell $11.2 trillion: Fed

US households suffered a record-large 9 percent drop in wealth and pared debt in the fourth quarter as a deepening recession battered confidence and finances, Federal Reserve data showed on Thursday.

 

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