...because you are.
The Recession's Toll: How Middle Class Wealth Collapsed to a 40-Year Low - Jordan Weissmann - The Atlantic
The Recession's Toll: How Middle Class Wealth Collapsed to a 40-Year Low - Jordan Weissmann - The Atlantic
Ready? Here goes: Between 2007 and 2010, the median net worth of U.S. households fell by 47 percent, reaching its lowest level in more than forty years, adjusted for inflation. In other words, middle class wealth virtually evaporated in this country. A good chunk of the population got sucked through a financial wormhole back to the sixties.
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