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<blockquote data-quote="RickN" data-source="post: 1815890" data-attributes="member: 8854"><p>When the lesser of two evils is the best choice you have, it is better to move towards the good. The report by the Fed gives the reason plain enough for anybody to understand. In the last three years reported (Jan 2008- Jan 2011) the Median real income fell by 7.7%, with the decline affecting all income groups except “retirees and other nonworking families.” Median net worth declined by 40%, erasing 18 years of savings and investment for the average family. While much of the net worth is due to the housing bubble bursting, not all is.</p></blockquote><p></p>
[QUOTE="RickN, post: 1815890, member: 8854"] When the lesser of two evils is the best choice you have, it is better to move towards the good. The report by the Fed gives the reason plain enough for anybody to understand. In the last three years reported (Jan 2008- Jan 2011) the Median real income fell by 7.7%, with the decline affecting all income groups except “retirees and other nonworking families.” Median net worth declined by 40%, erasing 18 years of savings and investment for the average family. While much of the net worth is due to the housing bubble bursting, not all is. [/QUOTE]
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