The Federal Reserve 's released survey showing average family losing 27.1 % of net worth . Baker : Another important takeaway is that older Americans are extremely ill-prepared for retirement . Few surprised that the average American is poorer than before . He says Alan Greenspan could have tried to contain the housing bubble . Dean Baker : American should not tolerate a society in which wealth inequality widens .
The Federal Reserve 's released survey showing average family losing 27.1 % of net worth . Baker : Few surprised that the average American is poorer than before . He says Alan Greenspan could have tried to contain the housing bubble . Dean Baker : American should not tolerate a society in which wealth inequality widens .