Most Shared

WEAR - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

All together, Americans worth more than ever

Americans are worth more than ever before. If you add it everyone together.
The Federal Reserve says household wealth rose to 77 trillion dollars in the July-to- September quarter.
That total reflects the value of homes, stocks, bank accounts and other assets minus mortgages, credit cards and other debts.
The gains have not been equally distributed.
The wealthiest ten percent of households own about 80 percent of stocks....

And home ownership has declined since the recession, particularly among lower-income Americans.