[FoRK] Fool’s school: Startling economic numbers

Joseph S. Barrera III j3 at barrera.org
Sat Aug 18 23:51:15 PDT 2012


On 8/18/2012 4:46 PM, Stephen Williams quoted:

 > • This one might hit home the hardest: The median American family’s 
net worth fell to $77,300 in 2010 from $126,400 in 2007, according to 
the Federal Reserve’s Survey of Consumer Finance. That erased nearly two 
decades of accumulated wealth.

But isn't most of this due to (previously) inflated housing prices? As 
opposed to, say, actual liquid savings?

- Joe



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