“It means a lot, because many people have pension funds, 401Ks, and private investments,” said Sung Wohn Sohn, professor of finance and economics at LMU College of Business Administration, explaining the stock market declines. “If this trend were to continue, you can see that more and more people are going to be losing their nest egg,”
Source: NBC-4
Making Sense of the Recent Stock Market Declines
Professor Sohn also discussed inflation and the economy in this CNN report.
