Median net worth of a U.S. family dropped 40%

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by WWLTV.com

wwltv.com

Posted on June 17, 2012 at 3:25 PM

A new report from News Hour has eye-opening numbers for what Americans have faced during the recent recession.

According to the report, "The Federal Reserve household survey shows the median net worth of a U.S. family dropped by nearly 40 percent, from $126,000 in 2007 to $77,000 in 2010. "

The main cause? The collapse of the housing market, but the report also saw median wages decrease dramatically since 2007.

Who has this impacted the most? The middle class.

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