Household Net Worth off $12.3 Trillion from Peak

Calculated Risk: Q2 Flow of Funds: Household Net Worth off \$12.3 Trillion from Peak.

Not that lost equity has to be paid off (although I knew too many people who used their homes as ATMs during the early 00s), but just in terms of morale, the loss of \$12.3T goes a long way to explain the roiling discontent in the US.