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Fed: Net Worth of Households (Graph)

November 28, 2011

(Click on the chart for a better view.)


This is chart is interesting, because is shows how much damage was done during the last recession, and how much of it has been repaired.

Basically, it shows households lost $15 trillion between April 2007 – just before the recession officially began – and Jan 2009, just before it officially ended. Since Jan 2009, US households have regained $9 trillion of that.

Since we started with $65 trillion in net assets, $15 trillion represents a substantial amount.

It’s evidence that it was the decline in asset values that caused the recession, rather than the other way around.


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