WASHINGTON (CBS DC) – The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.
[close]Firefox users we wanted to take this space to let you know what Mozilla, the company that makes Firefox has been doing, and it's not good. Mozilla recently forced it's CEO to resign because he had, 5 years ago, donated $1,000 to a pro-family political group. Apparently Mozilla is intolerant of anyone that disagrees with their Liberal view of politics. To read more please visit WhyFirefoxIsBlocked.com. (We aren't blocking Firefox, but we feel it is important to let you know what's going on.)
This site has gone through a few iterations. Archived posts from March 2002 - Aug. 22, 2008 may be found at two URLs on the the Internet Archive Wayback Machine, 2002 and 2003-2008.
This site became active in October 2007 and most of the 2008 posts at the link above are duplicated here. We sometimes transfer earlier posts from the previous sites to this one, but we do not revalidate the links therein. Posts on this site dated before October 2007 are transferred posts.