The wealthiest Americans, meanwhile, appear close to regaining all their losses over the same period, according to a new analysis released Thursday by the Congressional Budget Office. The average family in the top 10 percent had $4.1 million in wealth, up from $2.15 million in 1989. After the recession that average debt ballooned to $13,000 per family. In 2007, the report notes, 8 percent of American families were in debt, at an average debt level of $20,000 each. By 2013, 12 percent of families were in debt — and the average level had grown to $32,000.

Source: Washington Post August 18, 2016 20:15 UTC