March 9, 2008


Americans poorer than a year ago (Rex Nutting, 3/06/08, MarketWatch)

The net worth of U.S. households fell by $533 billion, or a 3.6% annual rate, in the fourth quarter of 2007, the first time total wealth has fallen since late 2002, the Fed said.

For all of 2007, household net worth rose 3.4% to $57.7 trillion, the slowest growth in five years.

Yeah, we're paupers....

Posted by Orrin Judd at March 9, 2008 5:11 PM
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