Household Wealth, 2007 to 2013

Bad news: Americans are still reeling from the Great Recession, according to the latest findings from the Survey of Consumer Finances. Median household net worth fell 40 percent between 2007 and 2013, after adjusting for inflation. Although most of that decline occurred between 2007 and 2010, net worth continued to drift downward between 2010 and 2013.

Median household net worth, 2007 to 2013 (in 2013 dollars)

2013: $81,200

2010: $82,800

2007: $135,400

Many households experienced double-digit declines in net worth between 2010 and 2013, after adjusting for inflation. Households headed by people aged 45 to 54, for example, saw their net worth fall by an additional 17 percent during those years, following a 39 percent decline between 2007 and 2010. Other household segments experiencing double-digit declines in net worth between 2010 and 2013 were those headed by people 55 to 64, aged 75 or older, without a high school diploma, with only some college, and the broad segment "nonwhites or Hispanics." 

Source: Federal Reserve Board, Survey of Consumer Finances