I saw a chart a few weeks back depicting this. Starting in the early 80's it started heading downward. I can't find it at the moment, but if I do, I'll post a link.
A lot of factors contribute but housing was one of the major factors. "Net worth" was/is tied directly to their home and the 2006/07 crash. With the government screwing with the markets and investors buying homes as rentals, we just might see another sharp decline shortly...
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I saw a chart a few weeks back depicting this. Starting in the early 80's it started heading downward. I can't find it at the moment, but if I do, I'll post a link.
A lot of factors contribute but housing was one of the major factors. "Net worth" was/is tied directly to their home and the 2006/07 crash. With the government screwing with the markets and investors buying homes as rentals, we just might see another sharp decline shortly...
http://www.zerohedge.com/news/2014-06-24/americas-most-impor...