U.S. Households Took Their Biggest Financial Hit Last Quarter Since the 2008 Crisis

U.S. households lost nearly $4 trillion in net worth last quarter amid the selloff in the stock market, the Federal Reserve said. It marked the biggest one-quarter decline since the financial crisis a decade ago. The Fed’s quarterly report on U.S. financial accounts said that the net worth of American households declined $3.73 trillion overall […]