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Follow on Google News | Tortola Capital Compares US Economic Performance Over the past DecadesTortola Capital continues to monitor the global economy, and here they report on a difficult year for the US Economy, especially when compared to previous decades.
By: Tortola Capital Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 -- and the number is sure to have declined further during a difficult 2009. The 2000's were the first decade of falling median incomes since figures were first compiled in the 1960s. And the net worth of American households -- the value of their houses, retirement funds and other assets minus debts -- has also declined when adjusted for inflation, compared with sharp gains in every previous decade since data were initially collected in the 1950s. # # # Tortola Capital is focused on providing the most comprehensive and individualized financial planning and services available. As a full service wealth management and brokerage firm, we are able to focus on the needs, aspirations and legacy of each of our clients around the globe. End
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