What the 2008 Stock Market Crash Means for Retirement Security

@article{Butrica2010WhatT2,
  title={What the 2008 Stock Market Crash Means for Retirement Security},
  author={Barbara A. Butrica and Karen E. Smith and Eric Jay Toder},
  journal={Journal of Aging \& Social Policy},
  year={2010},
  volume={22},
  pages={339 - 359}
}
The 2008 stock market crash raises concerns about retirement security, especially since the increased prevalence of 401(k) and similar retirement saving plans means that more Americans are now stakeholders in the equity market than in the past. Using a dynamic microsimulation model, this paper explores the ability of alternate future stock market scenarios to restore retirement assets. The authors find that those near retirement could fare the worst because they have no time to recoup their… 

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