Study: America's Richest 7% Got Richer During Recovery
The richest Americans got richer during the first two years of the economic recovery while net worth declined for the other 93 percent of U.S. households, a new report says.
household wealth
Recession Shrank U.S. Families' Wealth to 1992 Levels, Says Fed
The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday.
Why You're 45% Poorer and What You Can Do About It
The average American household suffered a huge drop in wealth because of the financial crisis, according to a survey released by the Federal Reserve. How did this happen -- and more importantly, what can you do about it?
U.S. Households Grow 2.2% Wealthier
U.S. household wealth increased 2.2% in the third quarter as stock prices rose and consumers cut debt, according to a Federal Reserve report released Thursday. Companies' cash balances also grew in the third quarter.
For American Households, the Recession Lingers
Officially underway since June 2009, the recovery has been tepid at best. The balance sheet of the average household is still straining under considerable debt, while incomes have barely risen, suggesting that the recovery has a shaky foundation.
