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Fed: Net Worth of Households (Graph)

November 28, 2011

(Click on the chart for a better view.)

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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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