A major contributor to the Great Recession of 2008-2009 was the decline in home prices. For the average household, the equity in their home is their largest asset, comprising a significant portion of their wealth. Wealth dropped an unprecedented $17.5 trillion over the seven quarters between mid-2007 and early 2009. We are beginning to see [...] [...]
For those looking for another way to determine the health of the national economy, consider the number of U.S. millionaires per capita in 2010. Overall, after two years of declines, the number of millionaires in the U.S. grew by 8 percent in 2010, to about 5.6 million households or about 4.78 percent of total households. [...] [...]
Contrary to media reports, the Pew Research Center’s April polls show that while many people might be praying for their 401(k)’s to turn around, the falling stock market has not sent Americans rushing to church. Thirty-nine percent of Americans reported attending weekly religious services in a February survey. That number was no different than two years ago, when [...] [...]
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