HK Cartoons: The Private Sector is Doing Fine

The private sector is doing fine but it is not creating new jobs.

It is the middle class that is suffering because of the economic downturn.

The average American family's net worth dropped almost 40% between 2007 and 2010, according to the Federal Reserve.

Family net worth dropped from $126,400 in 2007 to $77,300 in 2010.

Most of the drop is attributed to the drop in real estate prices.

sources:

http://money.cnn.com/2012/06/11/news/economy/fed-family-net-worth/index.htm
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