Pew Research Quantifies Impact of 2008 Economic Collapse

HopeTracker| Pew Research has issued a whitepaper The Impact of the September 2008 Economic Collapse.

During that period American households lost an average of $5,800 in income, resulting from decreased economic growth, during the 16 month period. Costs of US government intervention per household were $2,050.

Also, the combined peak loss from declining stock and home values totaled nearly $100,000, on average per U.S. household, during the July 2008 to March 2009 period. This analysis highlights the importance of reducing the onset and severity of future financial crises, and the value of market reforms to achieve this goal. via Pew Research