still_one
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Thu Sep-25-08 09:44 PM
Original message |
Do most Americans even care what the market does? /nt |
glowing
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Thu Sep-25-08 09:46 PM
Response to Original message |
1. If their money for retirement is invested in the market and they are near |
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retirement, YES... If they are younger, like me, you don't really because you can't afford to borrow any money and your job doesn't even offer a 401K.
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still_one
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Thu Sep-25-08 09:47 PM
Response to Reply #1 |
4. However, if the market drops enough, jobs will dry up also /nt |
bigtree
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Thu Sep-25-08 09:47 PM
Response to Original message |
2. they care about the economic consequences |
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job loss, pay cuts, lost dividends in retirement accounts . . .
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still_one
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Thu Sep-25-08 09:51 PM
Response to Reply #2 |
9. If there is no deal before Monday, I suspect we will see a record sell-off /nt |
EV_Ares
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Thu Sep-25-08 09:47 PM
Response to Original message |
3. Yes and yes, many people have their reitirement in 401Ks. eom. |
mmonk
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Thu Sep-25-08 09:47 PM
Response to Original message |
5. Those with retirement plans and those |
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that are retired on fixed income instruments or investments. There are still many who don't because they don't understand it and figure it won't affect them.
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AlCzervik
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Thu Sep-25-08 09:48 PM
Response to Original message |
6. i do, i don't have much in the way of stocks but the ones i own have been all over |
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the place for the past 2 weeks. I swear i'm not even looking tomorrow.
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still_one
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Thu Sep-25-08 09:52 PM
Response to Reply #6 |
10. It will even be worse on Monday if nothing is decided /nt |
AlCzervik
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Thu Sep-25-08 09:54 PM
Response to Reply #10 |
11. i'm still not looking and i'm worried about the money market account we have. |
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i have a kid to put through college in 5 years and as we know college funds are getting harder to aquire.
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still_one
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Fri Sep-26-08 03:13 AM
Response to Reply #11 |
14. Probably a wise thing not to look /nt |
MichiganVote
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Thu Sep-25-08 09:50 PM
Response to Original message |
7. What else do we manufacture in the US besides paper money? Yes it matters. |
bdamomma
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Thu Sep-25-08 09:50 PM
Response to Original message |
8. people in retirement do. |
HughMoran
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Thu Sep-25-08 09:56 PM
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12. I've lost > 30% of my net worth already |
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...and we haven't even seen a crash yet.
So, I do care about the fact that the kids college fund has been cut in half, yes.
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stillcool
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Thu Sep-25-08 10:07 PM
Response to Original message |
13. not unless they can see how.. |
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the consequences will affect them. Maybe not until they 'feel' them.
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DU
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Mon May 06th 2024, 11:43 PM
Response to Original message |