http://www.nytimes.com/2014/07/27/business/the-typical-household-now-worth-a-third-less.html?_r=0
“…Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.
The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower…”
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http://www.salon.com/2014/08/10/jon_stewart_is_not_enough_the_curse_of_centrism_and_why_the_tea_party_keeps_rolling_daily_show_democrats/
Thomas Frank
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This topic was modified 10 years, 1 month ago by wv.