USA median household’s net worth fell from $106,591 to $68,839 from 2005 to 2011
from David Ruccio
As Danielle Kurtzleben explains,
the median household’s net worth fell from $106,591 to $68,839 from 2005 to 2011. . .
the median net worth of the top 20 percent divided by the median of the second 20 percent was 39.8 in 2000. Today, it’s 86.8.
In addition, the latter group lost nearly 56 percent of its wealth. And the overall wealth of the bottom 20 percent fell from -$915 to -$6,029. Or, put another way, the median American in that poorest group saw their debt
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Most of the “assets” which we own are not used very often if at all. So it is no great loss when they are no longer arround. There are certain thinks that do count however including real-estate, transport (vehicles), and home comforts. So this would make more sense if it were able to show which of these kinds of more essential goods are dwindling in private ownership (and where are they going?).