Pfeffer says reasons for falling household wealth in the U.S. elusive, but it has been going on for a long time
"Americans Are Pissed — This Chart Might Explain Why" - NerdWallet. 5/10/2016.
This story looks at the tumbling median net worth for working- and middle-class American households. Fabian Pfeffer says this slide started well before the housing market crashed in 2007: “Net worth dropped long before the recession, if you exclude housing wealth." Starting in the late 1990s, "the housing bubble was hiding the loss for the typical American household.”