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In the past year, consumers have been battered by the housing market downturn, surging food and fuel costs, a credit crunch, and a weakening job market.
On Monday, Wall Street had its worst day since markets reopened after the Sept. 11 attacks in 2001, as Lehman Brothers filed for bankruptcy
The U.S. Federal Reserve stepped in to rescue insurance giant American International Group from bankruptcy with an $85 billion loan on Tuesday, the latest in a series of bailouts and loans for the financial and housing sectors.
And instead of quelling concerns, the AIG rescue seemed to have ignited fears that more bad news is to come.
How have you been affected by this week’s upheaval on Wall Street? Were you a victim of the Lehman bankruptcy, or has your employer been forced to downsize? How has it affected your bottom line – savings, investments, 401k?
Join the discussion on how the crunch is affecting you.