Young People Are Still Broke Published: June 14, 2013

The total wealth of American households has recovered from the financial crisis and Great Recession, according to the Federal Reserve Board.

But The New York Times reports that recovery has not been enough to keep up with inflation, and many Americans, particularly younger adults who took on heavy debt to acquire homes before the housing bubble collapsed, are lagging.

H/T: Gawker
See this story on


Trending Now


  1. 1
    KFOR: Biological mother wants adopted son back from powerful family
  2. 2
    Authorities: Dozen arrested in Oklahoma ranch meth lab investigation
  3. 3
    Photo Of Obama In Attack Ad Is Photoshopped From Hospital Trip After Aurora Shooting
  4. 4
    WATCH: Trailer for 'Iverson' documentary
  5. 5
    Herschel Walker says he could still play in NFL
+ show more