We're $12.3 Trillion Poorer Than We Were Three Years Ago Calculated Risk Sep. 18, 2010, 6:19 PM The Federal Reserve released the Q2 2010 Flow of Funds report yesterday: Flow of Funds. According to the Fed, household net worth is now off $12.3 Trillion from the peak in 2007, but up $4.7 trillion from the trough in Q1 2009. This is the Households and Nonprofit net worth as a percent of GDP. This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Note that this does NOT include public debt obligations. Note...