Economy
5:53 am
Tue June 12, 2012

Americans' Net Worth Has Plummeted, Report Shows

Originally published on Tue June 12, 2012 8:18 am

Personal wealth was decimated across America by the housing collapse and the financial crisis, according to a new report by the Federal Reserve. Incomes declined for almost all demographic groups, and net worth plummeted to levels not seen in a generation.