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Fed data show America's bottom 50% are beginning to recover
July 22, 2019

From Axios:

The total net worth of the bottom 50% of Americans fell to -$143 billion in the second quarter of 2010 – meaning the lowest 50% of earners had collective liabilities far outpaced their collective assets, largely underwater home and auto loans. Their net worth remained negative until Q1 2013, Federal Reserve data shows.

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