Tuesday, July 29, 2014

Thank you for fucking us over, President George W. Bush and the Republican Party:

The inflation-adjusted net worth for the typical American household was $87,992 in 2003. Ten years later, it was only $56,335 -- a 36 percent decline. The decline began in 2001, the first year of Bush's presidency. The housing bubble hid a trend of declining financial wealth for the average American, and when that bubble burst in 2008 -- Americans' net worth plunged. With the GOP House obstructing every attempt to correct the economy, the net worth of the average Ameican has continued to stay low.

During the same period, the net worth of wealthy households increased substantially, by 14 percent.

No comments:

Post a Comment