Less than half of the wealth lost in the recession has come back in the “recovery”:<\/p>\n
From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans have only been able to recapture 45 percent of that amount on average, after adjusting for inflation and population growth, according to the report from the St. Louis Fed released Thursday.<\/p>\n
In addition, the report showed most of the improvement was due to gains in the stock market, which primarily benefit wealthy families. That means the recovery for other households has been even weaker.<\/p><\/blockquote>\n
To the extent unemployment is down, it’s in part-time jobs. \u00a0The average hours worked per week has dropped in recent months.<\/p>\n
No. \u00a0You are not better off than you were four years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"
Less than half of the wealth lost in the recession has come back in the “recovery”: From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans have only […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,64,69],"tags":[],"class_list":["post-36540","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-president-obama","category-socialism"],"_links":{"self":[{"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36540"}],"version-history":[{"count":2,"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36540\/revisions"}],"predecessor-version":[{"id":36542,"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36540\/revisions\/36542"}],"wp:attachment":[{"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}