Household Wealth Losses

Household wealth losses in the bear market of 2008 have been horrendous.Trillions of dollars in wealth have been wiped out in many countries particularly in the US,UK and others. The following chart shows the destruction of household assets in the form of financial and housing assets:

Source: IMF

“The losses in household wealth during 2008 were about $11 trillion in the United States ($8.5 trillion in financial assets and $2.5 trillion in housing assets) and were estimated at $1.5 trillion in the United Kingdom ($0.6 trillion in financial assets and $0.9 trillion in housing assets)”

For more details go to: IMF Survey: Households Hit Hard by Wealth Losses

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