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Devastating recession losses remain for most American households

  • 55% of the U.S. public’s accumulated net worth still has not returned to the levels seen at its 2007 peak, according to the latest analysis from the Federal Reserve. Most of the the United States’ recovered wealth in recent years was due to the financial sector’s recovery, disproportionately benefiting wealthier families over middle and low-income households. Put quite flatly, the commission says that any analysis which claims the financial damage of the recession has been repaired “is not justified.” source
May 30, 2013 // 21:56 // 10 months ago
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