American Wealth Vanishes

Americans' Net Worth Shrinks $1.33 Trillion In 1Q

Yahoo! Finance | Jeannine Aversa, AP Economics Writer | Posted 07.12.2009 | Business


WASHINGTON (AP) -- American households lost $1.33 trillion of their wealth in the first three months of the year as the recession took a bite out of ...

U.S. Household Net Worth Tumbles By $11 Trillion, The Combined Annual Output of Germany, Japan, UK

Wall Street Journal | S. MITRA KALITA | Posted 04.12.2009 | Business


The wealth of American families plunged nearly 18% in 2008, erasing years of sharp gains on housing and stocks and marking the biggest loss since the ...