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George Liu
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George is a columnist, investor, and economist. He has written for Seeking Alpha, The Motley Fool, Investing.com, Psychology Today and his works have been featured on Seeking Alpha's Wall Street Breakfast, MSN Money, Yahoo! Finance, AOL DailyFinance, CNNMoney, CNBC, MarketWatch, TheStreet,... More
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  • The Average American Family: "Ouch." 0 comments
    Jun 12, 2012 4:30 AM

    According to the Federal Reserve Board's Survey of Consumer Finances in its recently issued Federal Reserve Bulletin, overall median net worth of the American family fell 38.8 percent from 2007 to 2010 and the overall mean net worth fell 14.7 percent. The 2010 net worth of the American family stood at $77.3K, which was the lowest level since 1992. The Federal Reserve attributes these significant decreases to "a broad collapse in house prices."

    Themes: Economy, United States
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