Joined Nov 11, 2007
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Recovery Bifurcation Blues

“Even as the U.S. economy began to rebound from the Great Recession, only the highest earning households in America actually felt the difference.

The richest 7% of American households saw their net worth grow by 28% to a whopping $3.2 million during between 2009 to 2011, according to a new study by the Pew Research Center.

In contrast, 93% of households lost money. Average household net worth for this group fell by 4% during the same period, down to about $133,800 per household. …”

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