HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » St. Louis Fed: Average ho...

Thu May 30, 2013, 08:19 PM

St. Louis Fed: Average household far from regaining pre-recession wealth

ST. LOUIS The average U.S. household has a long way to go to recover the wealth it lost to the recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.

The typical household has regained less than half its wealth, the analysis says. A separate Federal Reserve report in March calculated that Americans as a whole had regained 91 percent of their losses.

Household wealth plunged $16 trillion from the third quarter of 2007 through the first quarter of 2009. By the final three months of 2012, American households as a group had regained $14.7 trillion.

Yet once those figures are adjusted for inflation and population growth, the average household has recovered only 45 percent of its wealth, the St. Louis Fed concluded.

http://www.stltoday.com/business/local/st-louis-fed-average-household-far-from-regaining-pre-recession/article_ee3c3f1c-c3e6-5f3e-b0f0-aa81a3b6ca9b.html

1 replies, 612 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply St. Louis Fed: Average household far from regaining pre-recession wealth (Original post)
Sherman A1 May 2013 OP
Liberal_in_LA May 2013 #1

Response to Sherman A1 (Original post)

Thu May 30, 2013, 09:25 PM

1. yup

 

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread