Treasury Secretary Scott Bessent recently commented on the lack of attention retirees pay to the stock market, suggesting many do not monitor daily fluctuations. However, a survey of nearly 400 retirees showed that over 90% are, in fact, paying close attention to market performance. This counters Bessent's remarks, indicating that the realities of personal finance and retirement are prompting individuals to closely follow market trends, especially in light of economic uncertainties.
I think they don't look at the day-to-day fluctuations of what's happening. Is that true? I asked readers of our Your Money newsletter who were on the cusp of retirement whether they were watching the markets and, if so, why? About 400 people replied. More than 90 percent of them said they were looking.
I have Parkinson's disease and am unable to work in any capacity. Naturally, I closely watch how the market performs on a daily basis.
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