(CNBC) Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year, according to data from the Federal Reserve.
Stock market losses wipe out $9 trillion from Americans’ wealth
This entry was posted in Syndicated. Bookmark the permalink.
