Average American Families See Huge Drop In Net Worth
CNN Money broke down the study, which found the median net worth had dropped from $126,400 in 2007 to $77,300 in 2010.
According to the report, "the recession wiped away 18 years of savings and investments by families."
And though the stats are a bit stale, the findings are still indicative of the housing crisis' impact on the nation.
Meanwhile, income levels also saw a sharp decline over those three years of about 7.7 percent.