How the Stock Market Affects Your Personal Finances

We don’t have to look too far back in America’s history to see how a depressed market can wreak havoc on our personal finances. Between 2008 and 2009, the markets plunged, taking with them countless retirement accounts, pension funds, and corporate earnings. In what seemed like a blink of an eye, trillions of dollars of wealth evaporated. The collapse rattled consumers and businesses alike, forcing many into the conservative holding pattern we’re still in. Confidence is the grease that keeps the gears of our economy moving, and when that’s removed from the markets, our engine slowly grinds to a halt.
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