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by thaumaturgy
4207 days ago
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I found a slightly older article which appears to use methodology that's at least mostly similar to Pew's (which is where this article came from). It includes a nice little graph: http://blogs.reuters.com/felix-salmon/2012/06/12/chart-of-th... The $81,400 median net worth number cited in the article is roughly comparable to 1995 numbers in the article I found, which very well pre-dates the period that most people consider to be the beginning of the housing bubble. The housing bubble is readily apparent in the 2004-2007 period in the graph I found, but there was still a period of rising median net worth from 1992 to 2004, most of which shows comparable or better median household net worth than today. The article also directly addresses your point: "In 2007, median household net worth was $126,400, while the median amount of home equity was $110,000; in 2010 net worth had dropped to $77,300, while home equity had dropped to $75,000. These days, home equity is net worth." (i.e., the net value of a family's home is now pretty much their entire net worth; in 2007, that wasn't the case.) |
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