Tag Archive for Crash

Family Net Worth Drops to Level of Early ’90s, Fed Says – NYTimes.com

By BINYAMIN APPELBAUM WASHINGTON — The recent financial crisis left the median American family in 2010 with no more wealth than they had in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said Monday. The median family, richer than half of the nation’s families and poorer than the other half,…