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While about one in 15 households with mortgages is now late in making payments, many more have suffered wealth losses.
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In the wake of this recent recession, young people have also ended up moving back into (or never leaving) their parents' homes in large numbers, and have suffered major wealth losses as well.
A drunkard who recognizes that his health will suffer and wealth will dissipate if he continues to drink does not, merely as a result of this recognition, stop drinking: but if he finds himself thirsty for drink and uneasy at the thought of missing his drinking companions, then he will go to the tavern.
In between, Indian wealth suffered a huge correction in 2008, when only 27 were billionaires.
A new study by three professors at the Program for Corporate Governance at Harvard Law School reexamines the "standard narrative" of the loss of wealth suffered by top leaders at Bear and Lehman.
The loss of wealth suffered by older Americans in the economic collapse has left people in their late 40s and older with almost nothing other than Social Security and Medicare.
The vast majority (86%) of children in the lowest wealth quintile suffered three or more severe deprivations compared with less than 1% of children in the highest wealth quintile.
Born into considerable wealth, Arbus suffered all her life from the guilt of privilege.
WASHINGTON — Millions of Americans suffered a loss of wealth during the recession and the sluggish recovery that followed.
But far more people have suffered significant losses of wealth, which has led to bitterness toward Hong Kong's postcolonial government.
The Irish Central Bank published a study on Thursday which showed that Irish households have suffered the most severe wealth destruction in Europe.
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