US families lost $11 trillion in 2008
Americans' net worth fell in 2008, as the value of their houses and stock portfolios declined, according to new data from the Federal Reserve.
Household assets as a whole fell 15% to $65.7 trillion, unadjusted for inflation, compared with a decline of less than a percentage point to $14.2 trillion in total household liabilities.
The net worth of American households -- the difference between assets and liabilities -- was $51.5 trillion, down $11.2 trillion, or nearly 18%, from 2007. That sets Americans' total wealth back to levels lower than in 2004. It was the first decline in American household net worth since 2002
Sure........With a Democrat Congress and the inevitible election of Obama, the American people didn't have confidence in the future of our economy. 😉
the democrats will fix this mess they got from the repigs!... u will see