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U.S. Net Worth Decimated by Great Recession

A study released in June 2014, financed by the Russell Sage Foundation, shows that the Great Recession has destroyed wealth across the board, from the very poor to the very rich. Comparing 2007 to 2013, the very poor are twice as poor as they were in 2007 and the very rich are 16% poorer than in 2007. The typical American household lost 43% of its wealth during this period.



As we know the Great Recession was pure theft perpetrated by the collusion between the U.S. government and the "too big to fail" banks of the world. You know, the bank cartel which owns the Federal Reserve. 




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