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Words bull and bear market tossed around a lot. what does this mean in terms oour money, our savings? the fear factor on wall street remains very high. the s&p 500 nearly closed in a bear market today. it was only a late day rally that lifted it out of that territory. a bear market is a big deal because it means a 20% decline from previous highs, and bear markets often coincide with recessions, although not always. there are false alarms along the way. but for what it really means for our money, it means our nest eggs after two years, our nest eggs are getting smaller again. 401(k) plans, college saving plans, investment portfolios, all taking a hit, and that creates real anxiety for families. it also means that the level of concern about a recession on wall street, jake, is getting higher. what are you hearing from economists about a possible recession? it s really important to remember, there are a lot of positives in the economy right now. consumers are spending money. compani ....
No one knows veterans like newdayusa. harris: everything is more expensive in america right now particularly gasoline. stocks tumbling following putin s declaration of war. that affects millions of people s nest eggs, 401ks. the dow is down by as much as 800 points earlier the morning. it will fluctuate. we ll cover it. crude oil surged past $100 per barrel for the first time in nearly eight years. prices at the pump are soaring already. drivers in california paying more than $5 per gallon. the white house says don t expect relief any time soon. should people across the country expect to see that kind of a number when they go to gas ....
Impacts of this crisis the most? well, jake, no one would be spared. obviously, if the markets tanked, that means that retirement plans, college savings plans, 401(k)s, investment portfolios would all get crushed. millions of people s nest eggs would shrink overnight. also the cost of borrowing would go up. not just for the federal government which would be really bad, but on everything. mortgages would become more expensive. car loans would also get more expensive. taking out a loan as a small business would also rise. so all of those issues. but don t forget that countless people, they rely on the federal government having cash for payment. and if there was a default, the u.s. would have to delay payments on everything from paychecks to federal workers to social security, also medicare benefits. now no politician wants to be held responsible for a disaster like this. that s why investors do expect ....
The Globe and Mail Brenda Bouw Published February 5, 2021 francescoridolfi.com/iStockPhoto / Getty Images The stock market fallout during the early days of the COVID-19 pandemic put retirees living off their investment income at risk. That was especially the case for those following the “financial independence, retire early” (F.I.R.E.) movement. F.I.R.E. investors are largely people in their 30s and 40s who save aggressively and invest early to build up a seven-figure portfolio to retire early or work way less as they get older. Those plans can be thwarted when stock markets tank, as they did last March. ....
Americans will receive a tax cut. they ll have a smaller tax bill. two, 43 million american households are invested in the stock market and they re already seeing their nest eggs and net worth grow. as the slack is taken out of the labor market you ll see in accordance with the laws of supply and demand upward pressures on wages. they are betting americans like having more money and choice and seeing their net worth grow. melissa: richard, do you think it will be tough for democrats down the road if that happens and they voted against it? i think it would be tough if that actually happens. i think that s a lot of idealism in his analysis there. melissa: where is it wrong? tell us. i think the ideal of depending on corporations to somehow magically spend all this money they get back in tax returns is very idealistic. one we know this. corporations have a lot of money already on their books. ....