A "paleocon" is an 'old school' conservative. The opinions expressed here are just that: opinions. Whether you agree with my views or not, your feedback is welcome. Just click on the "comments" link at the bottom of each post. DISCLAIMER: Obama worshiping socialists, read at the risk of losing your sanity. If you think that the U.S. Constitution is an outdated document, government is god and deceiving the public about being a totalitarian is an acceptable way to live, this blog is NOT for you.
WASHINGTON (CBS DC) – The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole. [More]
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