Fed reports how much recession shrank US wealth
June 11th, 2012
WASHINGTON — A Federal Reserve survey has found that the Great Recession shrank Americans’ wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation. The Fed’s survey of family finances finds that median net worth declined from $126,400 in 2007 to $77,300 […]
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