Household Holdings

In the Great Recession of 2008/09, household net worth declined by over 80% of annual income. In the current recession, household wealth has fallen by 20% of income, 25% as much. Why? A fast-moving and hard charging central bank, massive and near immediate federal assistance to households and businesses both big and small, and forbearance/eviction relief. Collectively, these programs stabilized stock and bond markets and in turn housing markets.