Recession

St. Louis Fed: Household Wealth Still Well Below Pre-Recession Average

Half of lost wealth unrecovered

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The average U.S. household has a long way to go to recover the wealth it lost to the recession, a report by the Federal Reserve Bank of St. Louis concludes.

The typical household has regained less than half its lost wealth, the analysis says. That's far below the estimate in a Federal Reserve report in March that calculated that Americans as a whole had regained 91 percent of their losses.