Weak house prices drag U.S. family wealth : Fed | Reuters

Weak house prices drag U.S. family wealth : Fed | Reuters: (Reuters) - "Americans suffered a record decline in wealth between 2007 and 2010 as home values tumbled, according to a Federal Reserve report on Monday that underscored the severity of the recent recession."

It is not only house prices which made family poorer. Low interest rates had a major role in having families with some cash unable to place it in CDs for at a good rate.