Tumblr Icon RSS Icon

CHART: The Great Recession Set The Middle Class Back 20 Years

By Pat Garofalo  

"CHART: The Great Recession Set The Middle Class Back 20 Years"

Share:

google plus icon

According to an analysis of Federal Reserve data by Amir Sufi, Professor of Finance at University of Chicago Booth School of Business, middle class families have had 20 years of net worth accumulation wiped out by the Great Recession. The rich, meanwhile, experienced a much smaller decline, as these charts show:

(HT: Mike Konczal)

‹ Occupy Wall Street Launches ‘Rolling Jubilee’ To Buy Up And Forgive Debt

Small Businesses Grew Twice As Fast Under Clinton Tax Rates ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.