Loss of personal wealth drops

Personal wealth loss from the credit crunch shrunk to £36,000 in May, from £40,000 in March, a survey out today will say. Recent recoveries in share prices and house prices have reduced the total UK household wealth loss from the credit crisis from its peak of around £1.9 trillion in March 2009 to around £1.7 trillion in May 2009, according to updated analysis by accountants PricewaterhouseCoopers (PwC). That equates to an average of £36,000 per adult.