In the years leading up to 2008, the value of housing and stock market investments rose to record levels. But this was later referred to as a "bubble" caused by low interest rates and loose lending practices. When that bubble burst, the United States entered what became known as the Great Recession, with housing values plummeting, stock market investments crashing, and unemployment rates skyrocketing. Almost a quarter of total household wealth in America vanished. Most economists would agree that the recovery has been long and slow these last few years. Question
a. Still where it was in 2008, after the "bubble" burst
b. Mostly recovered from where it was before the recession
c. Fully recovered and at new record levels Based on your experience, what would you guess is the current level of household wealth compared to prerecession levels?