“If I was one of the yuppies who had a quarter to a third of my life savings wiped out I would be out picketing (to say the least).”
Well, I’m not a yuppie, but I’m a white collar worker, and I lost some 55% of the value of my IRAs and 401Ks. I’ll be 58 on my next birthday. My retirement funds are, for all practical purposes, wiped out for retirement purposes. Put simply, I will never be able to retire, as I don’t have enough time for the market to bounce back so I can recover what I have lost.
You are not alone,FRiend. This is probably the worst thing which has happenned in our lifetime and too few people realize it until it engulfs them.