Friday, February 17, 2012
Shrinking net worth is a "ticking time bomb" for Americans
U.S. households are still suffering from financial distress, according to the latest Consumer Distress Index, which measures housing prices, joblessness, budgeting, net worth and credit. Americans' net worth, an indicator of retirement readiness, has registered poorly since the counseling group CredAbility began the index 31 years ago. "The net worth number is the ticking time bomb," said Mark Cole of CredAbility. Read the full article on the Huffington Post.