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Why did people lose money during the 2008 financial crisis?

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If you had money in the stock market, your investment was cut in half, and it took a long time to recover. Remember don't buy what is in a bubble. read more

It's a rather complex situation, but I'll give it my best shot. There has been much finger-pointing as to blame for the crisis, but basically it came about because investment banks gorged themselves on housing market derivatives. read more

People lost pensions in the 2008 financial crisis because at that point most assets went down the drain. Only those close to retirement or in retirement who had converted their assets to cash or near cash would have preserved some of it’s value. I’m not counting those who speculated and won their bet. read more

Lost household wealth: With home prices tanking, the report estimates a loss of $7 trillion in the real estate industry. The stock market decline has brought another $11 trillion in losses, and retirement accounts have lost $3.4 trillion. Human suffering: It’s hard to put a dollar value on this. read more

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