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Middle class households' wealth fell 35 percent from 2005 to 2011
It seems like every time you turn around, there's a new fact or figure out there about how the rich are doing great and the middle and lower classes are struggling.
Welp. The fun utterly depressing facts keep coming. This time, it's a new US Census Bureau report that shows the recession took the heaviest toll on the middle- and lower-income Americans.
For example: the median household's net worth — defined as assets minus liabilities — fell by 35 percent from 2005 to 2011, from nearly $106,600 to $68,800.
Welp. The fun utterly depressing facts keep coming. This time, it's a new US Census Bureau report that shows the recession took the heaviest toll on the middle- and lower-income Americans.
For example: the median household's net worth — defined as assets minus liabilities — fell by 35 percent from 2005 to 2011, from nearly $106,600 to $68,800.
THE REST:
http://www.vox.com/2014/8/23/6057467/middle-class-households-wealth-fell-35-percent-from-2005-to-2011
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