Close
ThinkAdvisor

Life Health > Life Insurance

Median family wealth is at a 43-year low, study finds

X
Your article was successfully shared with the contacts you provided.

Much social debate has swirled about the plunging net worth of the middle class in the U.S. while the wealthiest Americans have gained wealth. A recent study by New York University economics professor Edward N. Wolff put that theory into raw statistics. According to Wolff, the median net worth of American households has hit a 43-year low of $57,000 (in 2010 dollars). Meanwhile, the richest 1 percent saw their average wealth jump by 71 percent.