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Economy: Recession #1024756

CBS Evening News for Thursday, Jun 14, 2012
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(Studio: Scott Pelley) The drop in the median net worth of American families noted.

(Emmaus, Pennsylvania: Seth Doane) The tough times for middle class families examined; average family net worth and the drop in average homeowner equity cited; details given about the collapse in home values. [Lehigh County, Pennsylvania resident Rick SNYDER††- wonders if he can retire; says he is no better off than a decade ago.] [Certified financial planner Tim WATTERS††- says people are in tears sometimes.]

Reporter(s):
Pelley, Scott;
Doane, Seth
Duration:
00:02:50

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