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Americans See $5 Trillion Disappear In Stock Market Crash

·4 min read
Americans See $5 Trillion Disappear In Stock Market Crash

According to a new research note from JP Morgan Chase & Co., total U.S. wealth has plummeted by $5 trillion in 2022, down from $13 trillion to $8 trillion, mostly from a sour stock market. "Given that home values have generally appreciated through the pandemic period, the recent decline in American wealth is due to the sharp reductions in the value of stocks and other securities."