From September 2007 through December 2008, the collective net worth of U.S households fell by nearly $13 trillion.

Name: From September 2007 through December 2008, the collective net worth of U.S households fell by nearly $13 trillion.
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During the financial crisis of 2007-2008, the collective net worth of U.S. households indeed experienced a significant decline, with estimates indicating a fall of nearly $13 trillion, largely due to plummeting home values and stock market declines.

From September 2007 Through December 2008, the Collective Net Worth