Retirement accounts have lost $2 trillion so far
Tuesday October 7, 7:27 pm ET
WASHINGTON (AP) — Americans’ retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress’ top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers’ nest eggs.
From Krogoth- OMG, if the boomers have lost 2 Trillion, and that’s 20%, then that means 8 Trillion is still out in these accounts and retirement plans! The baby boomers can save us! Oh wait, then what will the baby boomers do? Sorry, forget it.