Tuesday, May 25, 2010

Your Household's Share Of The September 2008 Economic Collapse: $104,350 - The Consumerist

Thought you would find this interesting.

Your Household's Share Of The September 2008 Economic Collapse: $104,350 - The Consumerist
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4 comments:

  1. KelseyMay 25, 2010 at 9:17 AM

    Wow, this is really shocking. It's hard to conceptualize how much a household's share would be in an 8 trillion dollar bailout, but when you see it in numbers it kind of makes it real.

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  2. Ben MinkoffMay 25, 2010 at 11:49 AM

    Stock Values - The U.S. lost $7.4 trillion in stock wealth from July 2008 to March 2009, according to the Federal Reserve. This is roughly $66,200 on average per U.S. household.

    That is ridiculous.

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  3. Noah OesterleMay 25, 2010 at 3:02 PM

    Considering the median household income is around $45,000, each household paying $2,050 towards the TARP funds is pretty shocking. Stock values totaling $66K+ per household is a little misleading. What percentage of investment in the stock market actually comes directly from individual investors? But overall, this is pretty depressing.

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  4. Jared AndrzejewskiMay 26, 2010 at 7:37 PM

    This is very suprising and interesting and gives good numbers on how much everyone lost in the recession. It also demonstrates that it will take some time before people are able to recoup what they lost. It will probably take two to three years just to get back what they lost let alone what they could have made if it did not occur. It was most shocking how much value we lost in stocks which reminds of how much we lost in the dot com bubble in the stock market which was close to $4 trillion. So in about 10 years the stock market has lost over $11 trillion which is ridiculous for two moments in time.

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