What's in your wallet ?

Apparently only ious.

From CalculatedRisk.com:

According to the Fed, household net worth is now off $12.2 Trillion from the peak in 2007.

That's not even the "downside". The "downside" is:

After a bubble, the value of assets decline, but most of the debt remains.

As a percentage, from NYTimes.com:

...household net worth remains about 19 percent below its peak in the third quarter of 2007, before the recession began.