Americans Wealth Drops

By: Channel 6 News Email
By: Channel 6 News Email

The country became just a little poorer this spring.

The Federal Reserve says from April to June, household wealth dropped by zero point three percent.

The downturn followed three straight quarterly increases.

Home equity, stock portfolios, and other savings have risen in value about 15% since the recession ended in 2009.

That has been offset by the Stock Market itself, which has dropped 11% since April.

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