TIME Covers Wall Street

2001: Bear Market
"The staggering amount of lost wealth over the past year is perhaps the most oppressive development. Half of all households own stocks, up from 4% in the early 1950s. Stocks account for about 20% of total household assets, and because stocks fell last year, the net worth of the average American declined for the first time since 1945, according to the Federal Reserve. In the past six months, the market value of household stocks and stock funds fell more than $2 trillion--roughly the same amount of money households earned through wages."
From: Zap!, Mar. 26, 2001

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