News In Brief

Apparently, Americans are getting wealthier

Tess Vigeland Dec 9, 2010

And this final note, one that is hard to imagine for millions of Americans still looking for jobs.
Believe it or not, Americans’ overall wealth grew more than 2 percent in the third quarter. Household net worth is nearly $55 trillion, up from $49 trillion two years ago in the depths of the Great Recession. A positive development until you consider this: We need another 20 percent gain to get back to where we were pre-recession.

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