1.0 link 214365 <![CDATA[Americans' Net Worth Shrinks $1.33 Trillion In 1Q]]> http://www.huffingtonpost.com/2009/06/11/americans-net-worth-shrin_n_214365.html WASHINGTON (AP) -- American households lost $1.33 trillion of their wealth in the first three months of the year as the recession took a bite out of stock portfolios and dragged down home prices.

The Federal Reserve reported Thursday that household net worth fell to $50.38 trillion in the January-March quarter, the lowest level since the third quarter of 2004. The first-quarter figure marked a decline of 2.6 percent, or $1.33 trillion, from the final quarter of 2008.

Net worth represents...

]]> 2009-07-12T05:12:00-04:00