I, for one, probably am on the brink of depression.... Will have to work until death at this rate, my retirement assets will never recover...
The retired parents of some friends of mine are moving in with them. They’ve lost more than half of their retirement.
You are probably correct, stocks did not reach 1929, pre crash, levels until around 1955. That doesn't include the effect of inflation though, so it would actually be even later. So if you are around 60, you'd be 85 or 90 when the real value gets back to what it was.