“WASHINGTON — The recent financial crisis left the median American family in 2010 with no more wealth than they had in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said Monday.
The median family, richer than half of the nation’s families and poorer than the other half, had a net worth of $77,300 in 2010, down from $126,400 in 2007, the Fed said. The crash of housing prices explained three-quarters of the loss.
This vast loss of wealth was compounded by a loss of income, as the earnings of the median family fell by 7.7 percent over the same period.”-(Credit: Yahoo )
So Yahoo posted this article as one of its main headlines the other day with the title “This Is Why You Are Feeling Poorer” or something along those lines. This is why I’m feeling poorer? The fact that the average income for the median family is lower? That’s the reason I’m feeling poorer? Really? You mean it? WOAH! WHEW! I’m fucking relieved! Glad I know now! I’ve been wondering for months now why I felt so poor! I’m glad to see that it wasn’t the lack of money in my bank account! That’s a relief. I’m so happy it’s not the fact that my income is barely enough to pay my ever growing mountain of debt. I feel so stupid. Here I was thinking that I felt poorer because every time I fill my gas tank I have to beg and pray that I don’t over draw on my debit card because I can’t afford bank over draw fees. It really does make me feel better that not I’m feeling poorer because some months I have to choose between my gym membership and eating breakfast every day. Thank you Yahoo. You enlighten me every day. I can’t believe I never realized why I was feeling so poor! If it wasn’t for them I would still think that I was feeling so poor because when I go grocery shopping almonds “are out of my price range.”…… “Really The Guy? An almond joke?”…..What? I love almonds…..I need them to survive…..it’s an addiction. Why are you attacking me? Median families are the ones fucking us over! Fuck you median families and your lowered income. Making me feel poor over here. How can you live with yourselves? Shame on you median families….Shame on you!