Americans’ Net Worth Drops To 43 Year Low

The net worth of American households has dropped to the lowest level in 43 years. Isn’t this hope and change stuff great? Gee, four more years of the Obama economy is going to be just fantastic.

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. (Read More)

The article above notes that a majority of people still blame Bush for the economy. I wonder how long that will last.