Burst Housing Bubble Eliminating Two Decades of Wealth
July 14, 2008
Research Recap submits:
The crash of the housing bubble is likely to eliminate most, if not all, of the gains that US families made in accumulating wealth over the last two decades, according to new projections from the Center for Economic and Policy Research.
The median family in the cohorts from age 35-44 is actually projected to have less wealth in 2009 than their counterpart in this age group in 1989.
Burst Housing Bubble Eliminating Two Decades of Wealth
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