Fed Reports Shows Median Net Worth Fell $77,300

Fed Reports Shows Median Net Worth Fell $77,300 Play

June 12 (Bloomberg) -- The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed. Median net worth declined to $77,300 in 2010, the lowest since 1992, from $126,400 in 2007, the Fed said in its Survey of Consumer Finances. Betty Liu reports on today's "Big Number" on Bloomberg Television's "In The Loop." (Source: Bloomberg)

  • On Air Now

    Taking Stock with Pimm Fox Watch Now

  • Next

    Bloomberg West

blog comments powered by Disqus