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Families' Falling Wealth Relects 'Deep Mess' Americans Face

Families' Plummeting Wealth Relects 'Deep Mess' Americans Face

Aired 06/12/2012

PBS News Hour

Families' Falling Wealth Relects 'Deep Mess' Americans Face

Clip: 6/12/2012 | 8m 22s

Families' Plummeting Wealth Relects 'Deep Mess' Americans Face

The net worth of the median American family fell nearly 40 percent from 2007 to 2010, the Federal Reserve reported this week. Gwen Ifill discusses the effects of and the reasons behind the precipitous decline in wealth with Paul Taylor of the Pew Research Center and Robert Shapiro of Sonecon, an economic advisory firm.

Aired 06/12/2012

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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