I am in the military and have a pretty secure job, I have a little put into a retirement fund. I’m really not being affected by any investments so what does a stock-market crash mean to me?
LUCIANO
Comments
It can affect a few things… if you are wanting to sell your home you might have a hard time finding a buyer who will be approved for a loan. If you are trying to buy a home you might experience difficulty obtaining a loan. In a nutshell, getting credit will be increasingly difficult. Everything from a car to a credit card. Some companies get part of their operating money from investment companies. For instance, the place your friends or family work for might use lending as a means to pay them a salary. These companies can start to be denied these types of services and thus will not be able to pay their employees. Layoffs, increased unemployment, etc. On the flip side, it can be a great time to invest in the stock market since everything is “on sale” at a discounted price. Historically the market eventually goes back up and those that bought lots of shares at a low price come out wealthy when those cheap stocks become valuable again. Hope some of this info helps. By the way, thank you for serving our country!
Everyone will be affected. The First Class passenger is as affected as the boilerman on a sinking ship.
How do I compare an “average person” to a military person. The average person has everything to be thankful for because of patriots like you. The one thing that we have in common is our retirement accounts. Unless you are in cash, your retirement account is going down. This really isn’t a crash, it is a correction. We are close to the bottom. This is indirectly about the stock market. It is more about banking. The banks don’t have any money left to lend. This results in people not being able to get loans for homes or cars, Business cannot get loans to expand, and in some cases get payroll checks.
Thanks for your service.
Thanks to the war mongers in the White House, the USA has spend itself into oblivion. The real heroes are everyday working citizens, who put the food on the table for the parasites in Washington and elsewhere.
Switzerland is the richest country in the world, with a per capita income more then double of that of the US, because it has no military and is free since 600 years.
Not being able to finance a home, car, plasma TV, furniture. Pension funds will decrease, meaning that there is now less future retirement money for the employees.
