American wealth reduced by $9 trillion due to stock market losses

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Yes, due to the continuous fall of the stock market, the property of the people of America has also been deeply affected.

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You must be aware that the American stock market was falling continuously for the last few days.

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Now you can guess from the fact that because of this, the wealth of the people of America has decreased by $ 9 trillion.

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Americans held $2 trillion in corporate equity and mutual fund stocks earlier this year

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But now the holding has fallen to $ 33 trillion and all this has happened due to the fall of the stock market.

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If economists are to be believed, this is putting more pressure on the balance sheet and expenditure of the family.

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And if this trend continues, it could potentially cause significant damage to spending, borrowing, and investment.

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The reason for all this loss is the stock market because most people in America invest money in the stock market.

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