NEW YORK - The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United States around $16,000 as of Monday’s close before a rebound Tuesday erased some of those losses.
The U.S. retirement system no longer relies on defined benefit pension plans - which pay out a guaranteed amount until death. That means that people are mostly in charge of their own retirement, investing via 401 pension plans. Around 42% of the working-age population with a full-time job has a 401 or similar plan, and those funds are overwhelmingly invested in stocks, according to U.S. Census data.
That is greater than the 8.3% annual return on bonds over the same time according to Morningstar. Bonds, meanwhile, are unlikely to post the same returns in the future because yields, which move lower as prices rise, are at historic lows.Overall, individual stock ownership in the United States appears to be declining as more members of the outsized Baby Boom generation retire or shift their portfolio to a more conservative stance in preparation for retirement.
Not all that they gained the last 15 months.
Nothing. The average American is not selling their stock, unless they are stupid, because the markets will be back where they were in no time. Our Economy is strong. A vaccine will be found, and for the most part old people are the ones really affected anyway, they don't work
Stay home, stay clean, stock up on good,save your money, it's gonna get worse before it gets better, the Surgeon General said this, watch the market, invest wisely, it to shall pass.
nothing, unless they panic sold, in which case they deserve to lose
Pretty sure as long as they don’t loose their life they will be able to move on 👍🏼
Nothing because we don't own stocks.
'ordinary americans' are probably less impacted by the DJIA and more concerned about their businesses having to close down Or having their wages otherwise impacted due to lack of health care or work that can't/won't allow for telecommuting.
More than that 😬
Not much bc most normal Americans dont own stocks...
Is this a buying moment?
You mean, how much did they lose so far?
It is certain that there will be a heavy loss.
这得归功于你们的政府，除了掠夺别国的财富本国民众的财富也要剥削
AS YOUR 401K TURNS TO VAPOR USE QUARTERLY REPORTS AS TOILET PAPER
They will bankrupt since they do not have appropriate healthcare.
Latest Figure Of Death Toll As On March 11, 2020 – 4,285. Get live updates here. Corona COVID COVID19
Shame reuters, shame
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