Forum Discussion
nickthehunter
Sep 17, 2022Nomad II
time2roll wrote:You couldn't be more wrong. Many millions of retired people depend upon their 401K for their income, for the rest of their life. The drop in our 401K means we have to make substantial changes in our lifestyle so that we don't outlive our 401K. And I can assure you, we are not "High End", we are just regular folks trying to enjoy our golden years. The drop is scary and very real for us.
...The negative wealth effect of the stock market dropping will only affect the high end...JMHO
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