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Jennifer is Co-host of The Story of Liberty Radio Broadcast, video editor and creator, blogger & Web designer for the Story of Liberty. TheStoryofLiberty.net

Fed: Average Household Lost $21K in 3rd Quarter

The average U.S. household lost $21,261 of net worth over the summer months, according to the latest quarterly report by the Fed, which was released Thursday, reports the New York Post.

Of course none of this should come as news to President Barack Obama, who already went on record during an exchange with ABC’s George Stephanopoulos in October as saying that Americans are not better off than they were before he moved into the White House.

“Well, I don’t think they’re better off than they were four years ago,” Obama said at that time. “They’re not better off than they were before Lehman collapsed, before the financial crisis, before this extraordinary recession that we’re going through.”

Read more on Newsmax.com: Fed: Average Household Lost $21K in 3rd Quarter

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