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Tuesday, April 23, 2013

Richest 7% in US got richer during recovery; other 93% lost net worth, report says - The Washington Post

Richest 7% in US got richer during recovery; other 93% lost net worth, report says - The Washington Post

A new report says the richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of the nation’s households.
The Pew Research Center report says wealth held by the richest 7 percent of households rose 28 percent from 2009 to 2011, while the net worth of the other 93 percent of households dropped by 4 percent.


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