It was a great year for the stock market and for the vast majority of investors in workplace retirement accounts.
Even after the 2023 gains, most stock investors are only barely above water since the start of 2022.
Even so, the paltry stock market increases haven’t kept up with inflation.
It was arguably even worse than 2008, when the stock market collapsed during the great financial crisis.
In 2022, bonds declined sharply in value as interest rates rose, while during the financial crisis, investment-grade bonds rallied as interest rates declined.
Persons:
let’s, haven’t
Organizations:
Federal Reserve
Locations:
U.S