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Please. The stock market went up an incredible amount over the course of the pandemic. Most retirees with any degree of savings profited immensely. The financia
by ceeplusplus 5y ago
Please. The stock market went up an incredible amount over the course of the pandemic. Most retirees with any degree of savings profited immensely. The financial crisis didn't kill people's savings either, if you look at a graph of the S&P500. On top of that, these people are likely to own their home which means monthly expenditures are very low as rent/mortgage comprises the largest source of spending for most people.
- danielmarkbruce 5y agoEven though this sounds crazy - a good number of people close to retirement age (I spoke to them about it) panic sold a lot of their stocks during the crisis.