2007-2016: Median Family Net Worth reveals severe erosion. The plan to get America back on track: The Leviticus 25 Plan

Federal Reserve monetary strategies and massive liquidity infusions targeting Wall Street’s financial sector have done nothing to restore financial stability and economic health to main street America.

U.S. citizens are mired in debt, economic growth is sluggish.

America needs a new plan…

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Median Family Net Worth Below 1989 Level: Debt-To-Money Worst Since ’62

Authored by Mike Shedlock via www.themaven.net/mishtalk,

ZeroHedge, Jan 9, 2018 – Excerpts:

As the stock market soars to new highs, here’s some sobering statistics to consider.  The stock market is at an all-time high but Americans Owe More, Save Less, and are Poorer Than in Decades.

Negative Wealth Percentage On the Rise

https://www.zerohedge.com/sites/default/files/inline-images/20180108_debt1.png

https://www.zerohedge.com/sites/default/files/inline-images/20180108_debt2.png

Sobering Stats

  1. A greater share of Americans have more debt than money in the bank than at any point since 1962, according to Deutsche Bank economist Torsten Slok.
  2. 30.4% of US families have negative net worth despite the recovery in housing and the stock market.
  3. Median net worth is below where it was in 1989.

But perhaps the most shocking stat of all is that, on an inflation adjusted basis, net worth may be the worst in history.

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There is one dynamic new economic acceleration plan with the with the power to eliminate America’s massive debt drag, reignite economic growth, and restore economic liberty.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

The Leviticus 25 Plan pdf (2621)

 

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