Americans Over 35 Have Lost 22 Percent of Their Assets

Americans Over 35 Have Lost 22 Percent of Their Assets

According to Pew Research, if you’re an American 35 or older, your assets have plummeted 22 percent since 2007.

In 2007, assets for those 35 and older were estimated at an average of $293,968, but by 2010 that number had dropped to $230,018. That decrease in value is attributed to consistently high unemployment, the drop in the housing market, and Barack Obama’s inability to fix the American economy. The 1.22 debt-to-income ratio of those 35 and older is now higher than it has been for thirty years.

Barack Obama’s popularity numbers are dropping as a result of Americans’ personal debt growing while payroll taxes and gas prices are steadily rising. Economist/YouGov just released a poll showing that only 47 percent of Americans approve of Obama’s job performance, while 46 percent disapprove. 

Even those under 35 are becoming disillusioned with Obama; among those polled who were between the ages of 18-29, Obama’s approval numbers were only 43 percent, a much lower percentage of that age group than the number who voted for him in 2012. 

Rasmussen Reports indicates that only 16 percent of adults think Obama’s economy is good to excellent; only 40 percent think Obama is effective at creating jobs. The assets of Americans under 35 have also sunk 14 percent, from an average of $38,071 in 2007 to $32,793 in 2010.