CONSERVATIVE LABOR MOVEMENT » New York University https://conservativelabor.com CONSERVATIVE LABOR Fri, 17 Jul 2020 19:43:53 +0000 en hourly 1 http://wordpress.org/?v=4.1.13 American Working Familes Getting Poorer – People Today have 1/3 rd less than in 2007 https://conservativelabor.com/american-working-familes-getting-poorer-people-today-have-13-rd-less-than-in-2007-167 https://conservativelabor.com/american-working-familes-getting-poorer-people-today-have-13-rd-less-than-in-2007-167#comments Sun, 27 Jul 2014 04:18:41 +0000 http://conservativelabor.com/?p=167 Read more →

]]> 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. But during the same period, the net worth of wealthy households increased substantially. Thus, the average wealth and prosperity in the United States is down over 1/3rd just in 10 years.

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