{"id":29371,"date":"2012-06-19T14:54:05","date_gmt":"2012-06-19T18:54:05","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29371"},"modified":"2012-06-19T14:54:05","modified_gmt":"2012-06-19T18:54:05","slug":"us-census-reveals-rapid-decline-in-us-household-wealth","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/06\/19\/us-census-reveals-rapid-decline-in-us-household-wealth\/","title":{"rendered":"US Census Reveals Rapid Decline in US Household Wealth"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v67cb014a3e5dec98765283ccd7c1d6908aa9e2ec&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v67cb014a3e5dec98765283ccd7c1d6908aa9e2ec&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>American households are struggling more than ever. According to the U.S. Census, between the years 2005 and 2010, US households saw their wealth decline by over a third. Due to falling home values, share prices and the current economic instability, the median household net worth dropped 35% to $66,740 in the five year period. In comparison, the median household net worth was $102,844 in 2005, using constant 2010 dollars.The sharp decline is mostly blamed on falling house prices. In addition, the current unemployment rate is at 8.2 percent and has been above 8 percent since February 2009. Despite falling net worth across the country though, households with more education still fared well during these tough economic times. In 2010, households with a graduate or professional degree had a median net worth of $245,763 in contrast to just $42,223 of those with only a high school diploma.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/06\/19\/1_1gsy0vj9_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/06\/19\/1_1gsy0vj9_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American households are struggling more than ever. According to the U.S. Census, between the years 2005 and 2010, US households saw their wealth decline by over a third. Due to falling home values, share prices and the current economic instability, the median household net worth dropped 35% to $66,740 in the five year period. In &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/06\/19\/us-census-reveals-rapid-decline-in-us-household-wealth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US Census Reveals Rapid Decline in US Household Wealth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29371","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29371"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}