Party Like It’s 1992?

Well, that’s all we can afford, it would seem:

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were back in 1992.

See, wealth is not like matter–it can be destroyed when it changes state. And right now, there are a number of Americans living in a state of uncertainty and massive concern about where things area headed.

Not to worry, however, the private sector is doing fine.