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Nov 28, 2012

Median household wealth at lowest since 1969

Salon - New research from NYU economics professor Edward Wolff, flagged by Think Progress, found that the median wealth of American households plummeted over the years 2007 to 2010, and by 2010 was at its lowest level since 1969. Meanwhile, the late 2000?s saw a high rise inequality: while the median wealth fell,  the top 1 percent increased their wealth by 71 percent between 2007 and 2010 (a statistic almost ready-made for an Occupy Wall Street banner).
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Salon