Tuesday, December 6, 2022

Stock market losses wipe out $9 trillion from Americans’ wealth

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  • 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.
  • With major market indexes falling further since July, experts say losses from financial markets could total $9.5 trillion to $10 trillion.
  • Economists say the drops could add pressure to Americans’ balance sheets and possibly hurting spending.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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