Household Income Off $11.4 Trillion From Peak
The Federal Reserve released its flow-of-funds report yesterday, and the document shows household net worth has fallen $11.4 trillion from its 2007 bubble-era
Jul 31, 2020211.7K Shares3.9M Views
The Federal Reserve released its flow-of-funds report yesterday, and the document shows household net worth has fallen $11.4 trillion from its 2007 bubble-era peak, though it has gained $6.3 trillion since the 2009 trough. Most of the decline comes from the cratering value of residential real estate, plus the falling value of stocks. Calculated Risk makesthe following chart, which clearly shows the tech/stock and the housing/credit bubbles:
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