as appearing in the Street
By Christine DiGangi
NEW YORK (Credit.com) — As a result of the Great Recession, the average
American household will have lost between $50,000 and $120,000 in earning
potential, according to a letter from the Federal Reserve Bank of Dallas.
Those figures assume that the country's economic output eventually returns to its pre-recession trend path. The estimated loss nationwide is between $6 trillion and $14 trillion, and the Dallas Fed partially attributes that wide range to uncertainty of how long the recovery will take.
Those figures assume that the country's economic output eventually returns to its pre-recession trend path. The estimated loss nationwide is between $6 trillion and $14 trillion, and the Dallas Fed partially attributes that wide range to uncertainty of how long the recovery will take.
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