NEW YORK (CNNMoney) -- The average American family's net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.
The stunning drop in median net worth -- from $126,400 in 2007 to $77,300 in 2010 -- indicates that the recession wiped away 18 years of savings and investment by families.
Families in the top 10% of income actually saw their net
worth increase over the period, rising from a median of $1.17 million in 2007
to $1.19 million in 2010.
Source
-- http://money.cnn.com/2012/06/11/news /economy/fed-family-net-worth/
2010 average net worth of members of US House
-- $5.9 million
2010 average net worth of members of US Senate -- $13.2 million
Source
-- http://www.opensecrets.org/pfds/averages.php
Obama's net worth --
$10.5 million ($1.3 million in 2007)
Romney's net worth -- $250 million ($202 million in 2007)
Source --
http://www.celebritynetworth.com/richest-politicians
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/5.html
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/6.html
Just sayin'.
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