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The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

Photographer: Chris Rank/ Bloomberg

The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

U.S. Wealth Hits a Record, Typical Savings Plan Is Still ‘Buy a House’

U.S. household net worth climbed by $3 trillion to surpass $80 trillion in the latest data. It’s a number so dumbfoundingly big it invites Americans to celebrate just what a rich country we are. It shouldn’t.

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Credit Suisse executives at Senate hearing on offshore tax evasion.

Michael Reynolds/EPA

Credit Suisse executives at Senate hearing on offshore tax evasion.

The Chump’s Guide to Tax Evasion

Much of the Senate's report on Credit Suisse wasn't news: We already knew the company helped thousands of Americans evade taxes. Most surprising here is that the typical secret Swiss bank accounts turns out to be surprisingly small.

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