Brutal Recession Destroyed Americans' Wealth, Net Worth Down 40% In 3 Years

Just how bad have the last three years been for some Americans? A Fed survey has some brutal data today showing that both median family income and net worth dropped dramatically ... fell nearly 5.1 percent between the third quarter of 2007 and the second ...Michael Moore says 400 Americans have more wealth than half of all Americans combined

Johnson wrote that in 2007, the combined net worth of the 400 wealthiest Americans, as measured by Forbes magazine, was $1.5 trillion; and the combined net worth of the poorer 50 percent of American ... it be that 400 people have more wealth than half ...Toll of US recession: Family net worth plunged 35 percent in five years

The typical household saw its net worth – financial assets minus debts – fall from $102,844 in 2005 to $66,740 five years later, with the census giving those numbers in inflation-adjusted 2010 dollars ... in the percentage of families holding various ...Wealth of most Americans down 55% since recession

Further, they say much of recovery in net worth ... have felt the sharpest losses as a consequence of the recession: "While many Americans lost wealth during the Great Recession, younger, less-educated and nonwhite families lost the greatest percentage ...- housing prices have hardly budged. Among the report's other depressing stats: From Bloomberg: "The proportion of families with retirement accounts decreased 2.6 points to 50.4% during the period, wiping out much of the 3.1 percentage-point increase over ...

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- Net Worth Percentage For Americans at AskivesThe United States has an estimated population of 306,641,000, roughly 7% of which have a net worth of one million ... million dollars? What percentage of american ...
- How many people make more than $250,000 per year? - Lazy ...... roughly half of 1/100 of one ... a bit more in the “How many people don’t pay taxes ... of households have a net worth of $1 million or more.
- Free Money Finance: Net WorthA Gallup poll found the median definition of rich in the United States ... net out: I make roughly four times more ... (have a net worth of $1 million or more ...
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- Millionaire - Wikipedia, the free encyclopedia... see Fake denominations of United States currency#$1,000,000. ... has a net worth of more than 2 million ... a small percentage of the population, ...