{"id":33003,"date":"2012-06-12T15:01:18","date_gmt":"2012-06-12T15:01:18","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/washington_post_americans_wealth_plummeted_40_percent_from_2007_to_2010_fed\/"},"modified":"2012-06-12T15:01:18","modified_gmt":"2012-06-12T15:01:18","slug":"washington_post_americans_wealth_plummeted_40_percent_from_2007_to_2010_fed","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=33003","title":{"rendered":"(Washington Post) Americans\u2019 wealth plummeted 40 percent from 2007 to 2010, Federal Reserve says"},"content":{"rendered":"<p>The recent recession wiped out nearly two decades of Americans\u2019 wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline.<\/p>\n<p>The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were back in 1992.<\/p>\n<p>The data represent one of the most detailed looks to date of how the economic downturn altered the landscape of family finance. Over a span of three years, Americans watched progress that took almost a generation to accumulate evaporate. The promise of retirement built on the inevitable rise of the stock market proved illusory for most. Homeownership, once heralded as a pathway to wealth, became an albatross.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/business\/economy\/fed-americans-wealth-dropped-40-percent\/2012\/06\/11\/gJQAlIsCVV_story.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent recession wiped out nearly two decades of Americans\u2019 wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline. The Federal Reserve said the median net worth of families plunged by 39 percent<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=33003\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,671,593,596,584],"tags":[],"class_list":["post-33003","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-federal-reserve","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33003"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33003\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}