The median net worth of American households dropped to $69,000 in 2011 from $82,000 in 2000 and...


The median net worth of American households dropped to $69,000 in 2011 from $82,000 in 2000 and $107,000 in 2005, a census report shows. Meanwhile, debt in households headed by older people more than doubled during the decade to a median $26,000 from $12,000, largely because of mortgage loans. The trend increases worries about the financial well-being of older Americans, whose retirement funds have been hit by the recession and rock-bottom interest rates.
Comments (2)
  • 1980XLS-2.0
    , contributor
    Comments (528) | Send Message
     
    And what about the median net worth of the average bankster?

     

    I'll bet it's quite a bit higher than Y2K
    22 Mar 2013, 11:45 AM Reply Like
  • WMARKW
    , contributor
    Comments (10786) | Send Message
     
    But Bernanke doesn't care about the old folks. Collateral Damage he says.

     

    I thought we outlawed slavery in the US. Seems we've moving toward economic slavery.
    22 Mar 2013, 01:35 PM Reply Like
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