Tuesday, February 26, 2013

Another Day Older and Deeper in Debt

Feel like you have been working hard and getting nowhere? There's a reason for that -
"According to Pew Research, if you’re an American 35 or older, your assets have plummeted 22 percent since 2007.

In 2007, assets for those 35 and older were estimated at an average of $293,968, but by 2010 that number had dropped to $230,018. That decrease in value is attributed to consistently high unemployment, the drop in the housing market, and Barack Obama’s inability to fix the American economy. The 1.22 debt-to-income ratio of those 35 and older is now higher than it has been for thirty years."

No comments:

Post a Comment