Thebrownblob
Well-Known Member
Why? Companies are making a killing!
Opinion: Household wealth falls $13.5 trillion, second worst drop on record
The bear market in stocks and rapid inflation eroded the real wealth of American households during the first three quarters of 2022.


Americans’ wealth slips further after massive loss in the spring | CNN Business
Americans’ wealth continued to slide in the third quarter as stock prices plunged over the summer — but many Americans still have a healthy financial cushion, compared to pre-pandemic times.