Tag Archive for Decades

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,…

Foreign Secretary Tells Brits to Quit Grumbling and Work Harder (via AFP) Full Story

Britons told to work harder and stop complaining (via AFP) There is only one way Britons can drag their country out of recession: “work harder”, Foreign Secretary William Hague said in an interview published Sunday. Hague said Britain’s national work ethic had been declining for decades, with people convinced they could “live on expanded debt…