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Household Wealth

Pay Gap Between 1 Percent And Everybody Else Reaches Widest Point Since 1920s

AP | PAUL WISEMAN | Posted 11.10.2013 | Business

WASHINGTON — The gulf between the richest 1 percent and the rest of America is the widest it's been since the Roaring '20s. The very wealthiest A...

Household Debt Is Still Too Damn High

The Huffington Post | Mark Gongloff | Posted 08.15.2013 | Business

A consensus seems to be forming that U.S. consumers have cleaned up their balance sheets enough that they're ready to stuff themselves with debt all o...

Recession Still Devastating American Households

AP | By CHRISTOPHER S. RUGABER | Posted 07.30.2013 | Business

WASHINGTON (AP) — The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Rese...

The State of Lending: Progress & More Work

Ellen Schloemer | Posted 02.09.2013 | Money
Ellen Schloemer

This week, the organization I work for -- the Center for Responsible Lending (CRL) -- will release the first in a series of reports on the prevalence ...

Americans' Net Worth Hit Lowest Level In 41 YEARS

The Huffington Post | Harry Bradford | Posted 11.26.2012 | Business

Stunning new research from a New York University economics professor reveals just how wide the chasm between the rich and everyone else has grown over...

Dan Froomkin

Half Of American Households Hold 1 Percent Of Its Wealth

HuffingtonPost.com | Dan Froomkin | Posted 07.19.2012 | Business

WASHINGTON -- The share of the nation's wealth held by the less affluent half of American households dropped precipitously after the financial crisis,...

Report: In 2009, Americans Paid Taxes At The Lowest Rate In 30 Years

Posted 07.11.2012 | Business

In 2009, Americans handed over the smallest percentage of their income to the government in 30 years. A major reason? Rich people paid less in taxes. ...

We're More Pessimistic Than Ever

Reuters | Posted 08.29.2012 | Money

* Consumer sentiment falls to lowest since December * Views of economic prospects, employment dim * Inflation expectatio...

America's Vanishing Household Wealth

www.businessweek.com | Posted 08.20.2012 | Money

The median net worth of American families was lower in 2010 than in 1989, according to a Bloomberg Businessweek calculation from the Federal Reserve S...

Why Inequality's Even Worse Than It Seems

Bloomberg View | Michael Kinsley | Posted 06.14.2012 | Business

Bloomberg View The current debate about rich and poor -- the 1 percent versus the 99 percent -- is a bit misleading because the evidence usually is...

Economic Bad News Eyed Warily By Dems, GOP

AP | CHARLES BABINGTON | Posted 06.13.2012 | Politics

WASHINGTON -- Democrats and Republicans are wary of trying to exploit a new report about the sharp drop in household wealth over the past 20 years. T...

Americans Suffered Staggering Decline In Wealth During Recession

Reuters | Posted 08.11.2012 | Business

(In 3rd paragraph, corrects median net worth to $77,300 in 2010, not $77.3 trillion, and corrects to $126,000 in 2007, not $126 trillion.) ...

Janell Ross

Double Down: Banks Seek New Way To Profit From Foreclosure Mess

HuffingtonPost.com | Janell Ross | Posted 12.28.2011 | Business

Banks helped create the housing crisis, and now they're seeking a new way to profit from it. As Bloomberg reported Monday, several financial and inves...

Recession Hurt The One Percent, Yet The Wealth Gap Remains Huge

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

The recession was hard on everyone, even the one percent. Just not enough to put too large a dent in the overall wealth gap. Income for the very hi...

Americans' Household Wealth Takes Biggest Hit Since 2008

AP | DEREK KRAVITZ and DAVE CARPENTER | Posted 02.07.2012 | Business

WASHINGTON — Americans' wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values l...

Who The Recession Left Most Financially Vulnerable

The Huffington Post | Alexander Eichler | Posted 11.29.2011 | Business

While the Great Recession has affected nearly all Americans in some form, it's young adults who have suffered some of the worst economic losses since ...

Congress' Wealth Increases Dramatically

The Huffington Post | Luke Johnson | Posted 01.01.2012 | Politics

Despite the economic recession and declining household wealth, the net wealth of members of Congress continues to rise, according to a Roll Call analy...

U.S. Household Wealth Falls In Spring For First Time In Year

AP | By CHRISTOPHER S. RUGABER and DAVE CARPENTER | Posted 11.16.2011 | Business

WASHINGTON -- Americans' wealth fell this spring for the first time in a year. Falling stocks and investments made many slightly poorer, a trend that ...

Recession Wiped Out Two-Thirds Of Household Wealth For Hispanics: Study

The Huffington Post | Alexander Eichler | Posted 09.25.2011 | Business

Wealth disparities between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from t...

Household Wealth Growth Slows Sharply

Posted 08.09.2011 | Business

CHICAGO- (Ann Saphir) - Household wealth rose by $943 billion in the first quarter, slowing sharply from the previous quarter, and household debt ...

Americans See Their Wealth Increase -- Thanks To Stocks, Not Real Estate

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Thanks to a rebounding stock market, Americans' household wealth increased by $2.1 trillion last year, even as high unemployment and a sagging real es...

Household Wealth Jumps $2.1 Trillion In Last Quarter

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Household wealth rose by $2.1 trillion in the fourth quarter and their debt contracted at the slowest pace since 2008 as c...