DanTanner

Destruction of Wealth?

Americans have lost huge chunks of money in terms of net worth. Lack of values in real estate and sharp drops in stocks have wiped off the best asset base there is. Than came the obliteration of 401Ks, pension plans, IRAs and money market funds. To top this all off people are using savings to pay expenses since incomes have plummeted. This is a downward spiral very negative very disturbing. I have never seen it this bad.