Similar Stories to Great Recession Erased Nearly 40% Of Family Wealth on Bing News

The Great Recession

Daily MailGreat Recession erased nearly 40% of family wealthLos Angeles TimesWashington— The Great Recession took such a heavy toll on the economy that the typical American family lost nearly 40% of its wealth from 2007 to 2010, shaving the median net worth to a level not seen since the early 1990s.

Sections:  news   u.s.   
Topics:  economy   great recession   recession   wealth   
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BING NEWS:
  • What Was the Great Recession? How Did It Affect the World?
    Unemployment levels swelled from 5% in 2007 to 10% in 2009. A recession is defined as two consecutive quarters of contraction in gross domestic product (GDP). During a recession, companies fold ...
    07/27/2022 - 1:00 pm | View Link
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