For many young investors, stock market has only gone up
"The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 — the classic definition of a bear market," AP's Stan Choe writes.
Why it matters: "How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security’s finances weaken."
- "Such a decline has historically happened on average every four or five years."
- "That’s nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives?"
Go deeper: Bull market is now longest in history.