How Wall Street Cost You $70,000

The Week - Business, The Week: Business
Wed, 08/15/2018 - 3:00am

Wall Street cost you $70,000. Now, we have all long known that the financial crisis of 2007-08, the subsequent recession, and the floundering economy that has hampered America for the last decade have been quite costly. But now we know exactly how much it's cost each of us: $70,000 each for every man, woman, and child in the country. This figure comes via new research from the Federal Reserve.

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