The worst anyone under 70 has seen, Bloomberg reports
(NEWSER) - If you're under the age of 70, 2008 was probably the worst year you've lived through, reports Bloomberg. Here's why:
- In housing, which started the downturn, median resale prices saw a 13% decline, the largest since the 1930s.
- Foreclosure rates reached 2.97%, and mortgage delinquency hit 6.99%, both records for the Mortgage Bankers Association, whose statistics go back 29 years.
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