WASHINGTON WATCH: Cecilia Rouse Discussed The Drastic Loss Of Middle-Class Wealth (VIDEO)

According to a new survey from the Federal Reserve, the average American family’s net worth dropped by nearly 40 percent between 2007 and 2010, wiping out 18 years’ worth of accumulated wealth. The middle class was hit the hardest. High-income Americans had more cushion, and those with low incomes were protected somewhat by the safety [...]