According to the Federal Reserve, U.S. household net worth fell by $2 trillion over the last year, from $58 trillion in the second quarter of 2007 to about $56 trillion in the second quarter of 2008 (see chart above). But compared to 2002, U.S. household net worth has increased by almost $17 trillion, or by almost 43% in the last six years.
As Ryan Ellis at American Shareholders Association reminds us, let's "keep it in perspective."
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