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Family Net Worth Drops Nearly 40 Percent

Family Net Worth Drops Nearly 40 Percent

Theaverage American family’s net worth dropped almost 40 percent between2007 and 2010—to levels not seen since 1992—according to a study released Monday by theFederal Reserve. The drop in median net worth—from $126,400 in 2007 to $77,300in 2010—is primarily due to the decrease in housing values …


 

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