Young Families' Net Worth Fell the Fastest
Young worker households—those between ages 35 and 44 and age 35 and younger—saw the steepest drop in their net worth between 2007 and 2010, according to an Economic Policy Institute ( EPI ) analysis of last week's Federal Reserve report .
Although overall net worth dropped by 39 percent, young workers lost 54 percent of their net worth—after already losing ground in the two previous recessions, setting them even further behind. From EPI :
The fact that net worth declined for these younger age groups between 1989 and
2010 is remarkable when you consider that the economy grew by a third on a per
capita inflation-adjusted basis over this period.
The email address provided does not appear to be valid. Please check the address entered and try again.
>>
Thank you for signing up to receive our blog alerts. You will receive your first email shortly.
Login to comment
Commenting Guidelines
comments powered by Disqus
