Poll: How Has The Recession Affected You?

A new report from the Federal Reserve says the wealth for the majority of Americans’ was wiped out during the recent recession, while the richest percentage profited slightly.

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992, according to the Washington Post.

The recession caused the greatest upheaval among the middle class. Only roughly half of middle­-class Americans remained on the same economic rung during the downturn, the Fed found. Their median net worth — the value of assets such as homes, automobiles and stocks minus any debt — suffered the biggest drops. By contrast, the wealthiest families’ median net worth rose slightly.

Wall Patch wants to know how the recent recession, and faltering recovery, has affected you. Take our poll below and please use the comments below to discuss what this study means for you, your family and the country as a whole.