Biden's America: Retirement accounts see combined losses of $3.4 trillion

[Counselor706]

Both 401(k) and IRA accounts nationwide have lost an estimated combined amount of $3.4 trillion since January.

Boston College's Center for Retirement Research Director Alicia Munnell published her estimates of the losses Tuesday. Her estimates are based on the assumption that markets have been down by 20% recently. The S&P 500 is down 21%, with the Nasdaq composite down by 30% and the Dow Jones down 16% since the year began.

https://www.washingtonexaminer.com/...-family/retirement-accounts-lose-3-4-trillion

 

[ll74]

Adjusting interest rates to slow inflation will do that.

 

[Cobaltofdark]

In other Breaking news the price of tea in China is high.