Younger Workers Faced Bigger Investment Losses Than Older Ones Due to COVID-19, and That's a Good Thing
The COVID-19 pandemic has wreaked havoc on the stock market, with retirement account balances falling across all age groups between Jan. 31 and March 31, 2020, according to new research. But not all investors saw their balances decline by the same amount.
In fact, the research from Personal Capital noted that younger workers saw much bigger percentage-based declines in their retirement account balance than older Americans.
And while it's never good for anyone to see their account balance fall, the fact that younger workers sustained larger losses is actually a positive sign.
Source Fool.com
