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Thursday, December 8, 2011

''Household wealth takes biggest hit since '08''

from cnn.....


"Household wealth took its biggest hit since the height of the 2008 financial meltdown during the third quarter, weakened by a downturn in stocks, according to a report issued Thursday.
The Federal Reserve said the net worth of households fell by $2.2 trillion, or 4.1%, in the quarter to end at $57.4 trillion. The decline comes to about $7,800 for every U.S. resident"......READ MORE

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