5 Years of Obama ... the Middle Class has LOST wealth

The Typical Household, Now Worth a Third Less


Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too. The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.
Comment: Link in article above it to full PDF of the study. Images are snips from the study. Why? [My view which is not from the study]: 1. The economy has stagnated; 2. Wages have not grown even to the rate of inflation; 3. Employment has not rebounded; 4. Obamacare milks more from the middle class than it returns;

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