Thursday, July 5, 2012
HK Cartoons: The Private Sector is Doing Fine
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.
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