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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.


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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


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