Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says

Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says - The Washington Post: "The recent recession wiped out nearly two decades of Americans’ 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 in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992."