I read somewhere that over 10 Trillion dollars in retirement savings has been wiped out over the last month. What's going to happen to everyone near retirement age? This is the Great Depression of our generation!
If what you have heard is true even to some extent, than it is going to be depressing news and can lead to great depression.
10 trillion dollars! Are you sure? That's quite a huge amount to be wiped out in a month. But if its true, its really sad.