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Family Net Worth Drops Nearly 40 Percent

Theaverage American family’s net worth dropped almost 40 percent between2007 and 2010—to levels not seen since 1992—according to a study released Monday by theFederal Reserve. The drop in median net worth—from $126,400 in 2007 to $77,300in 2010—is primarily due to the decrease in housing values …


 

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