Under Obama, the Middle Class is poorer than in 1984. Since 2008, the Middle Class has lost $32,000 in net worth per working family.

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Understand that the “95 percentile” is the top 5% of this nation.  With the recession of 2008 and before,  every class of “wage earner/investor” in America lost money.  Only the top 25% of this nation's wealthy  stayed above the charted baseline of “zero,” but,  continued to lose money through most of 2013.  The bottom 74% of the nation,  the Middle Class and working poor,  have not recovered back to the baseline.  And we were told,  just this past week,  that we are living through a remarkable recovery period,  or so goes the blow from Obama and his minions  (and his minions,  only,   btw).  

The average household in the United States lost about one third of its net worth between 2003 and 2013, a period that traverses the economic swells of the recession. Those findings were collected in a recent study, conducted by Russell Sage Foundation, which also found that the net worth of very wealthy families gained while the net worth of very poor families fell much deeper into debt.

The study surveyed families at every level of income and found:

• Very poor families, at the 5^th percentile of net worth, almost tripled their debt. Their net worth dropped from $9,700 in debt in 2003 to $27,400 in debt in 2013.
• Average families, at the 50^th percentile of net worth, were worth $88,000 in 2003 but $56,300 in 2013, about one third less.
• Wealthy families, at the 95^th percentile of net worth, gained over the same period. Families worth $1.2 million in 2003 were worth almost $1.4 million in 2013.  (read more on these numbers at Nola.com, here).