source: https://awealthofcommonsense.com/2024/10/a-staggering-amount-of-wealth-creation/
The Great Financial Crisis decimated the balance sheets of most Americans.
How could it not?
Housing prices were down by nearly 30%. The stock market crashed almost 60%. The unemployment rate hit double-digits.
It was the worst economic period most of us have ever lived through.
The collective net worth of American households reached roughly $66 trillion by the end of 2007. The 2008 crash wiped out $11 trillion in wealth,...