Wealth Rebounds — But Mostly For The Wealthy

Now watching

Next video starts in : 7 Play

Wealth Rebounds — But Mostly For The Wealthy

Wealth Rebounds — But Mostly For The Wealthy
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Wealth Rebounds — But Mostly For The Wealthy

by Wochit 0:45 mins

Wealth Rebounds — But Mostly For The Wealthy

by Wochit 0:45 mins

America is rich again — if you add up all the money. But a familiar, unhappy tale is playing out as the nation recovers the household wealth lost from 2007 to 2012. The total amount of household net worth hit a new record of $80.7 trillion at the end of 2013, according to the Federal Reserve. That’s certainly better than the grueling declines that occurred during the twin housing and stock-market busts. But a deeper look at the numbers shows that the kind of wealth held primarily by the affluent — financial assets — has soared beyond prior levels, while the most common middle-class asset — home equity — is still far below prior highs.

Wochit

Must Watch

  1. 22:03

    Sin City Saints Episode 1: The Fool Monty

  2. 23:15

    Sin City Saints Episode 2: Smoke and Mirrors

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. Rave of Thrones at Exchange LA

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 0:29

    Watch a Sneak Peek of Community Episode 4

  5. 2:01

    Sin City Saints: Official Trailer

Yahoo Studios

  1. 2:04

    Sextet of Fallons Perform on 'Tonight Show'

  2. 1:47

    Kimmel Irked By Yard Full Of Christmas Decorations In March

  3. 1:47

    Kimmel Irked By Yard Full Of Christmas Decorations In March

  4. 1:47

    Kimmel Irked By Yard Full Of Christmas Decorations In March

  5. 1:55

    Jeff Perry Does Impression of Kerry Washington Doing an Impression of Jeff Perry

  6. 1:16

    Arizona moves on, but were 'Cats exposed?