I'll say economics is not my strong point. I hope I don't embarrass myself by showing I don't understand the word "household" in an economics context. I think it means stuff that's mostly owned by regular people. In the 08 crash - a huge amount of household wealth was destroyed. I think the number was $17T.
Ninja edit
This info is off a very old Treasury .gov page that's now dead...
The housing downturn, financial market crisis, and job losses were major setbacks for U.S. households. On net, household wealth fell by about $17 trillion, or 26 percent, from its peak of $66 trillion in the second quarter of 2007 through the middle of 2009.
I'll say economics is not my strong point. I hope I don't embarrass myself by showing I don't understand the word "household" in an economics context. I think it means stuff that's mostly owned by regular people. In the 08 crash - a huge amount of household wealth was destroyed. I think the number was $17T.
Ninja edit
This info is off a very old Treasury .gov page that's now dead...