Treasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recession

@CharlesDarwin@lemmy.world · 12 days ago

Treasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recession

insufferableninja · 12 days ago

I mean, the closer you are to retirement, the more heavily your investment mix should favor low risk assets like bonds, rather than high risk assets like stocks. So I can kind of see what he’s saying… It’s just pretty fucking tone deaf.

@Saleh@feddit.org · 12 days ago

Dow Jones has gained 60% over past 5 years. Over the past 10 years it has more than doubled. Over the last year it is down 1.5%

Anyone who has kept investing for his retirement in US stocks/ETFs has a very comfy situation.