March 25, 2011
Savings Could Slow American Economy Says New Study.
Americans’ need to conserve cash a lot more may possibly impede the U.S. financial recuperation, as per research unveiled Thursday from the Federal Reserve, that stated rich households had been affect worst from the economic problems.
There is a full Article in the Wall Street Journal
Which states:
Most Americans saw their wealth decline from 2007 and 2009 as home and stock prices fell, but the brunt was born by high-income families, the Fed said in comparing two surveys of consumer finances. Overall, median family wealth fell to $96,000 in 2007 from $125,000 in 2007.
Story link: Savings Could Slow American Economy Says New Study.