July 30, 2012
By Blaine Rollins, CFA, Managing Director of 361 Capital, LLC
A hypothetical family richer than half the nation's families and poorer than the other half had a net worth of $77,300.00 in 2010, compared with $126,400.00 in 2007, the Fed said. The crush of housing prices directly accounted for three-quarters of the loss. Families' income also continued to decline, a trend that predated the crisis but accelerated over the same period. Median family income fell to $45,800.00 in 2010 from $49,600.00 in 2007. All figures were adjusted for inflation.
Source: This was excerpted from NY Times via 361 Capital's 361 Capital Weekly Research Briefing, June 18, 2012 publication, http://361capital.com.
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