Again, this advice is based upon one's analysis at this time, the stock market is a slave to events. Where were you when the economy lost $1.1 trillion?

That is the question we consider here.Table 1 provides a more precise view of the difference between the most recent recession and other recessions. This article highlights several factors behind the slow recovery and the large long term effects of the crisis:Economic growth has been disappointing in comparison to past recoveries. Nevertheless it still has a long way to go, with an output loss relative to trend of 13% in 2013.As a cross check we compare our estimates to those based on OECD forecasts of potential output.

By September 2008, Congress approved a $700 billion bank bailout, now known as the Troubled Asset Relief Program. On average, real GDP is 10.5 percentage points higher 14 quarters after reaching its peak at the start of the recession.

The employment rate of the 20-64 population in 2013 was less than 0.5 percentage points below that in 2007 in France and the UK. In recent months, economists have been scanning the horizon for another crisis that could destabilize American families, identifying everything from rising interest rates to subprime auto loans as potential risks.

You don’t get the highs without the lows.

But the recession didn't just impact earnings — it also took a sledgehammer to savings and investments. The report primarily attributes the U.S. economic recovery to Obama's 2009 stimulus package, known as the American Recovery and Reinvestment Act. In the second quarter of 2011—14 quarters after the cycle peak—GDP was still 0.4 percentage point lower than at the start of the recession.This recovery of real GDP stands in sharp contrast to those registered after the other 10 recessions since World War II. Nonetheless, the recent recession is still not much longer than two previous recessions since World War II. Take Karen Moyers, 58, of Conroe, Texas. The first signs came in 2006 when housing prices began falling. The homeownership rate sank from 69.4% in 2004 to 63.1% in the middle of last year, and has only just started to bounce back. But there are several factors that could slow down this process or even lead to a long-term decline in employment:Economic growth coming out of the 2008 financial crisis has been disappointing in comparison to recoveries from previous recessions. The U.S. economy has recovered slowly from the recession of 2007 to 2009. After building up her savings in the hairdressing business, she lost nearly all of it in an investment fund managed by a financial advisor during the crash. For those recessions, employment is 7.7 and 6.2 percentage points, respectively, No U.S. recession since World War II has been associated with a financial crisis. “Whether you’re managing your own investments or have a financial advisor — which is highly advisable as we look ahead to the next 10 years — take a fresh look now at your portfolio,” Gamble says. Cerra and Saxena‘s results have been criticised for some of their statistical assumptions, in particular not taking into account differences in the length of crises across countries. How long do stock markets take to recover?

All times are ET. "You think it'll come back, and it never came back." The cumulation of many years of low investment is a lower capital stock available for workers in the economy, making them less productive. A decade later, the American economy has recovered in many ways. The decline in the growth rate of the working age population (ages 15-64) on its own can account for a decline in the annual GDP growth rate of advanced economies of 0.7 percentage points. Make sure you factor in all other costs associated with homeownership, such as property taxes, insurance and utilities, and “Above all, live within your means.

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