Fed Says U.S. Wealth Fell 38.8% in 2007-2010 on Housing – Bloomberg 06-12-12

The financial crisis wiped out 18 years of gains for the median U.S. household net worth, across almost every demographic group, which may hurt retirement prospects for middle-income families.

The proportion of families with retirement accounts decreased 2.6 points to 50.4 percent during the period.

Read the full article at http://www.bloomberg.com/news/2012-06-11/fed-says-family-wealth-plunged-38-8-in-2007-2010-on-home-values.html

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