For many young investors, stock market has only gone up
Save The Children supporters celebrate International Day Of The Girl by ringing the closing bell of the New York Stock Exchange. Photo: Mike Coppola/Getty Images for Save The Children
"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.