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U.S. Federal Reserve report on the drop in incomes and net worth of American families between 2007-2010

01/02/2009

The Fed documents the impact of the financial crisis of 2008-2009 on American families. Half the middle class is dislocated financially by the crisis and minorites fare badly. Median incomes drop 8% and housing asset values drop an average of 42%. Median net worth down 39% taking it back to where it was in 1992. American families work down their debt, reducing credit card balances.

Grouped Articles

Income Slides to 1996 Levels

Wall Street Journal 09.14.2011

OECD report cites rising income inequality - The Washington Post

Washington Post 12.06.2011

America’s Sinking Middle Class

New York Times 09.18.2013

Lost Decade for Family Income

Wall Street Journal 09.17.2010

More Men in Prime Working Ages Don't Have Jobs

Wall Street Journal 02.06.2014

Credit Woes Hit Home

Wall Street Journal 04.04.2009

Job Growth Fails to Help Paychecks of Workers

New York Times 01.09.2015

Hiring Booms, but Soft Wages Linger

Wall Street Journal 01.10.2015

Incomes and Poverty, 2014

Wall Street Journal 09.17.2015

Not There Yet on Equal Opportunity

Wall Street Journal 10.21.2015

Elizabeth Warren’s claim that the bottom 90 percent got ‘zero percent’ of wage growth after Reagan - The Washington Post

Washington Post 10.23.2015

Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says - The Washington Post

Washington Post 06.12.2012

Family Net Worth Drops to Level of Early ’90s, Fed Says

New York Times 06.11.2012

Big Income Losses for Those Nearing Retirement

New York Times 08.23.2012

Negative $4,019

Wall Street Journal 08.25.2012

Incomes Fell or Stagnated in Most States Last Year

Wall Street Journal 09.20.2012

A Part-Time, Low-Wage Epidemic

Wall Street Journal 11.06.2012

Inequality: The rich and the rest

Economist 01.15.2011

Fed Ties Rates to Joblessness

Wall Street Journal 12.13.2012

Taxing Wall Street Down to Size

New York Times 01.20.2010

Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party

Wall Street Journal 01.02.2009

Obama, in State of the Union, makes case that middle class is job one - The Washington Post

Washington Post 02.13.2013

Apple should repay Ireland 13bn euros, European Commission rules - BBC News

BBC News 08.30.2016

Big government is the new West Coast craze

Washington Post 11.06.2016

U.S. middle-class incomes reached highest-ever level in 2016, Census Bureau says

Washington Post 09.13.2017


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