NEWSMAX / AP: The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754. The next-wealthiest group’s net worth also rose…
A rebound in the stock market and rising home values after the housing bust helped richer Americans regain their wealth since the recession, which began in December 2007 and ended in June 2009.
But the bottom 20 percent owed more than they had and were worse off in 2011 than they were in 2000. In 2011, the median net worth of the poorest Americans was negative $6,029, compared with negative $905 a decade before… (more)
