|
|
| Benefit Security Card .. HALF of the U.S live in households that receive government benefits (26 May 2012) ...item 2..Brevard man gets 4 years in Social Security fraud case (Jun 1, 2012 ) ... (Photo credit: marsmet481) |
Wealth Implosion: It's not just housing. NEW YORK (CNNMoney) -. In recent years, wealthy Americans have collapsed, but do not blame the housing market for everything. New Census Bureau data shows that the median net wealth of households without home equity fell by 25% between 2005 and 2010. This decrease was primarily from declines in the stock market, the American portfolios and retirement accounts devastated.
Overall driven, walked median net wealth of households by 35% to $ 66,740 in 2010.
The median value of stock and mutual fund portfolios fell by 33%, while the median home equity value declined by 28%.
“One of the most important factors is the case, of course, but it is not that alone,” said Alfred Gottschalck, an economist with the Census Bureau. “It is how to influence stock and bond accounts, terms and conditions.”
The estimates are generally in line with what other governments have found reports. Last week, the Federal Reserve its three-year study, the median family income net worth dropped by almost 40% between 2007 and 2010, showed. The study gives an overview Fed a smaller number of people ... Continue to read.
No comments:
Post a Comment