The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.
When the proverbial money pie depicting the distribution of income in New Jersey during the past decade finally was divided, the rich gained by far the biggest helping, while most others in the state wound up with slim pickings - if even that.
A Federal Reserve survey has found that the Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation.