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Average Americans Getting Poorer

The Typical Household, Now Worth a Third Less - New York Times
By Anna Bernasek | July 26, 2014

Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower.

But during the same period, the net worth of wealthy households increased substantially.

More:
http://www.nytimes.com/2014/07/27/business/the-typical-house...



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The article's author says the cause

is unclear. It couldn't be clearer: The cause is more government intervention, and, of course, especially the manipulations of the Federal Reserve.

End the Fed

...