theweekmagazine: 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

theweekmagazine:

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

06.12.12 /18:27/♥ 544
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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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