{"id":29526,"date":"2018-01-09T07:26:22","date_gmt":"2018-01-09T12:26:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=29526"},"modified":"2018-01-09T07:26:22","modified_gmt":"2018-01-09T12:26:22","slug":"median-family-net-worth-under-1989-level-debt-to-money-worst-since-62","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=29526","title":{"rendered":"Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62\u00a0"},"content":{"rendered":"
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Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62\u00a0<\/span><\/a><\/h3>\n<\/div>\n<\/div>\n
As the stock market soars to new highs, here’s some sobering statistics to consider.<\/section>\n<\/div>\n<\/header>\n
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The stock market is at an all-time high but Americans Owe More, Save Less, and are Poorer Than in Decades<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Negative Wealth Percentage On the Rise<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Sobering Stats<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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  1. A greater share of Americans have more debt than money in the bank than at any point since 1962, according to Deutsche Bank economist Torsten Slok.<\/li>\n
  2. 30.4% of US families have negative net worth despite the recovery in housing and the stock market.<\/li>\n
  3. Median net worth is below where it was in 1989.<\/li>\n
  4. Inflation adjusted, net worth may be the worst in history. $78,000 is not worth what it was in 1989, to say the least.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

    Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62\u00a0 As the stock market soars to new highs, here’s some sobering statistics to consider. The stock market is at an all-time high but Americans Owe More, Save Less, and are Poorer Than in Decades. Negative Wealth Percentage On the Rise Sobering Stats A greater […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,17830,17829,14648,13390,1138],"class_list":["post-29526","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-debt-to-money","tag-median-family-net-worth","tag-michael-shedlock","tag-mishtalk","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29526"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29526\/revisions"}],"predecessor-version":[{"id":29527,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29526\/revisions\/29527"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}