THE MOST IMPORTANT STORY IN AMERICA: Family Net Worth Collapses 40% In 3 Years
Business Insider— Yesterday, the Fed released its latest Survey of Consumer Finances.
The report included a lot of depressing data about the financial situation of average Americans. But nothing was so shocking and depressing as this:
- The median net worth of American families dropped nearly 40% from 2007 to 2010.
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