Wil:
Good point re the housing bubble in 2007. Not only did Americans lose equity in the 2008 crash, but we as a people incurred trillions in new national debt rescuing and rewarding the evil-doers. Thank goodness we will never have to payoff the national debt or even pay interest on it. Nobody bothers to factor in trillions of new debt when measuring Obama's economic accomplishments.
I think this is the link:
http://www.marketwatch.com/story/most-americans-are-one-paycheck-away-from-the-street-2015-01-07