Bloomberg News

Crisis Cost Americans 39% of Median Net Worth

June 12, 2012

In today's "Bloomberg Big Number," Bloomberg's Erik Schatzker reports that the financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a nearly 39 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

Running Time: 00:45


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