American households are struggling more than ever. According to the U.S. Census, between the years 2005 and 2010, US households saw their wealth decline by over a third. Due to falling home values, share prices and the current economic instability, the median household net worth dropped 35% to $66,740 in the five year period. In comparison, the median household net worth was $102,844 in 2005, using constant 2010 dollars.The sharp decline is mostly blamed on falling house prices. In addition, the current unemployment rate is at 8.2 percent and has been above 8 percent since February 2009. Despite falling net worth across the country though, households with more education still fared well during these tough economic times. In 2010, households with a graduate or professional degree had a median net worth of $245,763 in contrast to just $42,223 of those with only a high school diploma.
