When the collective net worth of U.S. households experienced a 20 percent loss, three-quarters of the loss was due to the collapse in the housing market and the decline in the stock market.

Question

Quizplus · Accepted Answer

During the financial crisis of 2007-2008, the collapse in the housing market and the decline in the stock market were major contributors to the significant loss in the collective net worth of U.S. households, accounting for a large portion of the overall decrease.

When the Collective Net Worth of U