US DATA: Details are released for Fed’s Survey of Consumer Finances
(triennial cross-sectional survey of US families covering 2007-10), as
summary was on web a few mos ago. Key results: median income fell 7.7
percent from $49,600 in 2007 to $45,800 in 2010, median net worth fell
38.8 percent from $126,400 in 2007 to $77,300 in 2010, and home equity
fell. This is about as expected given the dismal economy (recession ran
from Dec’07-June’09). See MNI Main wire.