The big hits to your retirement savings may be inducing a wave of “pension nostalgia,” said Paulette Miniter in The Christian Science Monitor, but if history is any guide, your 401(k)s “probably aren’t too far away from getting back to work.” So, "take heart." Stocks, down 40 percent from their last peak, generally bounce back long before the economy does.
Is that a risk we should force workers to take? said The New York Times in an editorial. On top of the market losses, “the damage to your retirement security is likely worse than what the numbers say on your statement,” since companies are scaling back or cutting their 401(k) match. Even if there’s an uptick, there’s “no guarantee that today’s battered 401(k)s will rebound powerfully.”
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