Posted 1 month ago on July 10, 2014, 2:38 p.m. EST by trashyharry
from Waterville, NY
This content is user submitted and not an official statement
R.Wolff is reporting the following from a report compiled by the Russel Sage Foundation:Median net worth of American Households,(median=1/2 have less,1/2 have more) 2003:88K;2007;98K;2009;70K;2013;56K.The title of the report is Wealth Levels,Wealth Inequality and The Great Recession.I urge everyone to watch Rick Wolff's Economic Update for July '14.I follow R.Wolff as a subscriber on YouTube.He has also 2 websites,one under his own name:Richard D Wolff, and one called Democracy At Work.What the information he is presenting this month indicates to me is that the economy is in the Mother Of All Tanks,and there is no getting out the way it went in.Instead,the Tank is going to explode.See ya's all on September 17,2014."When History makes that dialectical leap,make sure you Occupy the driver's seat."