Many Americans are worrying about their retirement funds. elijahwestbrook reports.
The sound of the bell on the floor at the New York Stock Exchange is all-too familiar, marking a new day of trading. On Monday, S&P stocks plummeted more than 20% from its highest point in January, reaching bear market status.
That may be difficult for some. One man named Rich told CBS2's Elijah Westbrook he isn't feeling good about this. He works on Wall Street, where it's quickly finding there's much to worry about, including Russia's war on Ukraine, persistent high inflation, rising interest rates and poor corporate earnings. "Is this a bad time?" Westbrook asked.
For those invested in Bitcoin and other cryptocurrencies, the crypto market crashed Monday, wiping out billions of dollars.
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