Obama's Economy Plummets Americans' Wealth

Americans’ wealth plummeted 40 percent from 2007 to 2010, Federal Reserve says

The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline.

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were back in 1992.

I worked in the construction industry for 13 years prior to the crunch, and now I make a third of what I made in construction. . . 

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