The Great Recession’s great hangover (by the numbers)


The financial crisis and Great Recession had their roots in American homeownership. Successive presidents from both parties had encouraged more people to attain the American Dream of owning a home.

As housing prices rose — and Wall Street found ways to enable riskier loans — Americans’ wealth climbed too, hitting a peak in 2007. But then the financial crisis and Great Recession hit, devastating Wall Street and causing financial upheaval for tens of millions of Americans. Even as the worst days waned, the crisis and recession profoundly shaped the decade that followed.

HOW IT CHANGED AMERICANS

Median family wealth by race/ethnicity

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