Household Net Worth - as of Q1 2009

Household net worth declined by an additional $1.3 trillion in Q1 2009 and now stands at $50.4 trillion. From its peak in Q3 2007 (when household net worth touched $64.3 trillion), American households have lost an astounding $13.9 trillion or 21.6% of their total net worth. Declines have been most severe in corporate securities (down $4.6 trillion or 47.2%), mutual fund shares (down $1.7 trillion or 33.8%), pension fund reserves (down $3.5 trillion or 26.2%), and real estate (down $3.8 trillion or 16.3%). While $1.3 trillion of net worth destruction is significant, the decline was well below Q4 2008 and Q3 2008’s decline of $4.9 trillion and $2.7 trillion, respectively.