Feeling the Pinch: Experts say nest is rickety, but egg will be OK
CHAMPAIGN – As prices rise at the gas pump and grocery store, those counting on their nest egg to grow have been sorely disappointed.
Stocks tumbled this year, with the Dow Jones Industrial Average down 13 percent since Jan. 1. For people whose retirement plans and portfolios are stock-heavy, it's been a dismal time as folks watch their savings shrink.
People who depend on their nest egg for income are particularly troubled. Do they withdraw more money to cover expenses, or simply try to cut back on living expenses? And when will the market turn around?
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