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Americans Far From Regaining Wealth Lost Amid Recession

Friday, May 31, 2013 - 8:10 AM
The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.

Americans Far from Regaining Wealth Lost Amid Recession - DailyFinance

"The average household had a net worth of $539,500 at the end of last year, according to a separate paper the St. Louis Fed released Thursday. That was up from $469,900 in the first quarter of 2009. But it was sharply below the peak of $641,000 in the first quarter of 2007."
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