WEALTH DISAPPEARING UNDER OBAMA'S WATCH

U.S. Household Wealth Takes Biggest Hit Since 2008

Dec 08, 2011 02:54 pm

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Americans’ wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value. At the same time, corporations increased their cash stockpiles to record levels. Household net worth fell 4 percent to $57.4 trillion in the July-September quarter, according to a Federal Reserve report released [...]

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