Another Record… US Household Net Worth Reaches 43 Year Low Under Obama

Discussion in 'Politics' started by Wehrwolfen, Dec 1, 2012.

  1. Wehrwolfen
    Offline

    Wehrwolfen Senior Member

    Joined:
    May 22, 2012
    Messages:
    2,752
    Thanks Received:
    338
    Trophy Points:
    48
    Ratings:
    +339
    Another Record… US Household Net Worth Reaches 43 Year Low Under Obama​



    [ame="http://www.youtube.com/watch?v=h8KS2XFUMYY&list=PL346240BD30B441AE&feature=player_embedded#!"]http://www.youtube.com/watch?v=h8KS2XFUMYY&list=PL346240BD30B441AE&feature=player_embedded#![/ame]

    The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

    According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

    According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

    Over that same period of time, the wealthiest 1 percent of American households increased their average wealth by 71 percent.​

    Read more:
    http://www.thegatewaypundit.com/2012/11/elections-have-consequences-us-household-net-worth-reaches-43-year-low-under-obama/
     
    Last edited: Dec 1, 2012
  2. tyroneweaver
    Offline

    tyroneweaver Gold Member

    Joined:
    Mar 3, 2012
    Messages:
    11,352
    Thanks Received:
    1,757
    Trophy Points:
    280
    Location:
    Burley, Idaho
    Ratings:
    +6,845
    barry can't hear you..he's in Hawaii.
     
  3. Wehrwolfen
    Offline

    Wehrwolfen Senior Member

    Joined:
    May 22, 2012
    Messages:
    2,752
    Thanks Received:
    338
    Trophy Points:
    48
    Ratings:
    +339
    Middle Class Net Worth Collapses to 1969 Levels




    by John Nolte
    1 Dec 2012

    The angle of a just-released New York University study is, of course, that ole' left-wing canard known as "income inequality," but the findings are still useful in drawing other conclusions, and not ones that are very pleasant. Is America now a bigger version of Chicago, where Democrats and the media have so expertly rigged the electoral game that, even as their policies fai,l they're able to stay in power?

    According to the study, we are now back to 1969 levels with respect to median net worth in this country. A large part of this is the housing crisis we've yet to recover from, which cost the middle class 18% of its net worth. The news isn't much better with respect to median incomes, which have dropped to $26,364, setting us all the way back to 1999.


    [excerpt]

    Read more:
    Middle Class Net Worth Collapses to 1969 Levels
     
  4. Wehrwolfen
    Offline

    Wehrwolfen Senior Member

    Joined:
    May 22, 2012
    Messages:
    2,752
    Thanks Received:
    338
    Trophy Points:
    48
    Ratings:
    +339
    Yes he is. He's there to check on the progress of construction on his $35 miilion mansion, you peasant.
     
  5. Quantum Windbag
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,014
    Trophy Points:
    245
    Ratings:
    +5,221
    Buuuuuuuuuusssssssssshhhhhhhhhh!!!!!!!!!!!!!!!!!!!!
     
  6. Oldguy
    Offline

    Oldguy Senior Member

    Joined:
    Sep 25, 2012
    Messages:
    4,328
    Thanks Received:
    590
    Trophy Points:
    48
    Location:
    Texas
    Ratings:
    +592

Share This Page