Edward Wolff, a professor of economics at NYU put together a really shocking median net worth chart over time in 2013 dollars I wanted to share with everybody. The main takeaways are:
1) The median net worth of middle class households has dropped by a whopping 44% since 2007 and has not recovered after the worst was over in 2010.
2) The median household today is 6% poorer than their parents were in 1969.
3) There have been periods of income declines before from 1990-1995, with large rebounds over the next 10 years.