When the housing bubble burst in 2007, it erased trillions of dollars in illusory household wealth, and triggered financial and economic crises from which the country’s still recovering. A new Federal Reserve survey finds that the net worth of a median family plummeted 39 percent — from $126,400 to $77,300 — between 2007 and 2010.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=98096