but uh, ballpark, if your 401k value halved, and you are say between 40 and 50 years old… you’d now have to work for somewhere around 10 to 20 more years than you planned.
So basically, you’d may never be able to fully retire, work till you die.
It would be different for different exact situations, how long it takes for the market to recover…
How much longer will they have to work when they lose 40%-60%?
I mean… not doing the actual complex math…
but uh, ballpark, if your 401k value halved, and you are say between 40 and 50 years old… you’d now have to work for somewhere around 10 to 20 more years than you planned.
So basically, you’d may never be able to fully retire, work till you die.
It would be different for different exact situations, how long it takes for the market to recover…
But yeah… its pretty fucking bad.
That’s already the case for many people. Especially in America, where healthcare is largely impacted by employment status, it’s definitely a thing.