US: Net worth down significantly in one decade.

[ZenOps]

http://www.nytimes.com/2014/07/27/bu...less.html?_r=2

At this rate in about two decades, the average US household will be... $0?

Dun dun duhh!

[clem24]

I assume this correlates with the national debt? Otherwise where did the money go? China?

[ZenOps]

Debt and I can imagine US companies (stocks).

Based on the ridiculous amount of money printing (well into the tripling or 300%) the US stock market is only doing slightly better than treading water.

[ZenOps]

The other theory is also sound. Lawyers and bankers have been siphoning off dollars into their own hands.

With their experience, past a certain $ point the "take the money and run", recinding, renouncing, or simply becoming a citizen of a country that does not have high taxes and then dropping their US affiliation.