> Also it shows that (real) wealth for everyone tanked in the recession (surprise, surprise)
It also points out that the reason for this is that most people have most of their assets in property. And so most likely saw little to nothing of the large increase in paper-wealth before the recession, or in fact in many cases saw it negatively affect them due to higher mortgages.
It also points out that the reason for this is that most people have most of their assets in property. And so most likely saw little to nothing of the large increase in paper-wealth before the recession, or in fact in many cases saw it negatively affect them due to higher mortgages.