yes, and declining NET incomes and wages are also major factorsthe majority of the net worth decline is directly tied to depressed real estate value
obama's hamp, home affordability mortgage program, was such "a dismal failure," as tarp inspector general neil barofsky testified (a long time ago)---fully HALF of our friends and neighbors hamped had by then ALREADY RE-DEFAULTED
bear in mind, many of these neighbors, friends, family members, fellow workers, in laws, sons, daughters and grandkids are living in homes bigger, newer and shinier than YOURS
or at least they were
links above---la times and bloomberg
yes, actually it's soon to be 4TInstead, they printed up a Trill or so
cnbc, april 1: Like Rate Cuts, Unconventional Easing Weakens Dollar: Fed StudyTo jumpstart the recovery, the Fed has undertaken three rounds of so-called quantitative easing since 2008, more than tripling its balance sheet to just over $3 trillion. It is currently buying $85 billion per month of mortgage-backed securities and Treasuries.