2022 Americans Suffer Stock Market Losses of $9 Trillion, $2.1 Trillion Gone From 401(k)'s.
Like 2008 – Paper Assets Are Rapidly Losing Value.
My Fellow American,
This CNBC news headline says it all: This is the worst year for stock and bond investors since 1969.
Today's news is sad. American savers, retirees, and investors are suffering staggering losses.
You may even be one of them.
I ripped this paragraph from this New York Post's article: "Average American is losing $34K and everything else on Biden's watch."
"We calculate that since the start of this year, 401(k) plans have suffered $2.1 trillion in losses. The average 401(k) plan had over $135,000 at the start of this year. Today, those assets have shrunk on average to about $101,000 — more than 25% in less than one year." – New York Post.
25% is a significant loss of money or savings.
Economists, banking CEOs, and other financial professionals say that:
- we have several more interest rate hikes in the future
- we still have several years of high inflation
- we have a recession coming, and many say we are in one.
These issues will keep enormous pressure on the stock market and the losses growing.
The question is, how do we stop the hemorrhaging?
The simple answer is diversification.
Diversify into what?
That's the question we answer in this new guide, 5 Money Mistakes That Could Crush Your Retirement [In The Next 6 Months]
If you're concerned about the direction Joe Biden and Democrats are taking our country, get this guide.
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