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March 24, 2011

Average U.S. Family’s Wealth -23% from 2007-2009

March 24, 2011

Average U.S. Family’s Wealth -23% from 2007-2009

Here’s an interesting Fed report titled Surveying the Aftermath of the Storm: Changes in Family Finances from 2007 to 2009.

Highlights (or more like “lowlights”): the average American family’s household wealth was -23% from 2007 to 2009. The report said that income was down, the average person lost one-third of value of their equity portfolio and that debt was up in that period.