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Losing 30% of retirement savings likely caused a chunk of this as well. Maybe not the bulk but I’d bet it’s a factor in people pulling back on all spending.
by koolba 7y ago
Losing 30% of retirement savings likely caused a chunk of this as well. Maybe not the bulk but I’d bet it’s a factor in people pulling back on all spending.
- linuxftw 7y agoTechnically speaking, nobody should have lost 30% of their retirement savings. Young people should have much more saving to do, so it will be a smaller fraction of their overall retirement savings. Older folks should have been pivoting into less risky assets already.
- deleted 7y ago[deleted]
- koheripbal 7y agoEven losing 15% will cause you to cut spending.