What Recovery? Americans Are Still Way Behind
December 12, 2013
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5:27Now PlayingWhat Recovery? Americans Are Still Way Behind
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"The Federal Reserve reported on Monday that total American household net worth increased by $1.9 trillion in the third quarter of the year, hitting a total of $77.3 trillion. As the Wall Street Journal notes, "Americans' net worth is still roughly 1.4 percent below its peak" once inflation is factored in. Total household net worth peaked at the end of the first quarter of 2007 — just before the collapse wiped out about $17 trillion in household wealth — at roughly a trillion dollars above its latest level."
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