U.S. households saw 18% of their net worth ($11.2T!) vaporized in 2008, wiping out four years of...

|By:, SA News Editor
U.S. households saw 18% of their net worth ($11.2T!) vaporized in 2008, wiping out four years of gains - according to the Fed's quarterly Z.1 release. By year-end, households owned $9.9T in equities, less than the $11.3T they owned in 1998.