1. 12 Jun


    BANKRUPT USAA numerical look at the average family’s financial struggles: $126,400 Net worth of the median American family in 2007 $77,300 Net worth of the median family in 2010 40 Percentage drop in wealth over that three-year period 15.2 Median percentage of debt that was education-related in 2007 19.2 Median percentage of education-related debt in 2010 7 Percentage of Americans late on their debt payments in 2007 11 Percentage late on payments in 2010 The dwindling wealth of the American family: By the numbers

    BANKRUPT USA
    A numerical look at the average family’s financial struggles:

    $126,400 
    Net worth of the median American family in 2007

    $77,300 
    Net worth of the median family in 2010

    40 
    Percentage drop in wealth over that three-year period

    15.2 
    Median percentage of debt that was education-related in 2007

    19.2 
    Median percentage of education-related debt in 2010

    7 
    Percentage of Americans late on their debt payments in 2007

    11 
    Percentage late on payments in 2010

    The dwindling wealth of the American family: By the numbers

    (Source: theweek.com)

     
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    american debt. capitalism in it’s current form is unsustainable. americans continue to live far beyond their means.
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    Wealth Decline
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    And what this feels like is so much worse. WORKING WORKING WORKING with nothing to show for it.
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