The typical household is worth a third less than ten years ago

August 1, 2014

"The inflation-adjusted net worth of the typical household was $87,922 in 2003. Ten years later it was only $56,335, or a 36 percent decline."

 

[GC: this is from a NYTimes article. the figure comes originally from this source: Pfeffer, Danziger, and Scheni, Wealth Levels, Wealth Inequality, and the Great Recession, Russell Sage Foundation, June 2014, accessed July 30, 2014, http://web.stanford.edu/group/scspi/_media/working_papers/pfeffer-danziger-schoeni_wealth-levels.pdf]

 

Anna Bernasek, "The Typical Household, Now Worth a Third Less," The New York Times, July 26, 2014, accessed July 30, 2014, http://www.nytimes.com/2014/07/27/business/the-typical-household-now-wor...

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