Americans Net Worth Down 39%

Americans have lost an incredible 39% of their net worth since the economic crisis.  According to new data from the Fed Americans are now at the same level of net worth as in 1992, a full 20 years back.  Much of it has been blamed on the housing bust as most middle class Americans get the bulk of their net worth from their house.  The only group to do better than they were was the wealthy, which saw a modest increase to their net worth.  No matter what your political persuasion its not hard figuring out that these numbers do not help Obama at all.

Fed: Americans’ wealth plunges


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