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June 12, 2012


Net Worth Shrunk Dramatically During Recession

"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 AP reports.

"Median net worth declined from $126,400 in 2007 to $77,300 in 2010, a Fed survey of family finances found."

Wonk Wire: Is the United States economy entering a new recession?














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