As a private finance reporter at CNBC, when the inventory market drops, because it has from the coronavirus outbreak, I write tales reminding our readers to stay targeted on their long-term targets and to withstand panic. 

Beneath that recommendation, nonetheless, I normally have a nagging feeling – a want that I used to be extra apprehensive by the most recent drop within the Dow. The truth for me, and for a lot of of my buddies of their late 20s and early 30s, is that we do not have sufficient financial savings on the road to care all that a lot. I consider Bob Dylan's lyric from his track, "Like a Rolling Stone": If you ain't received nothing, you bought nothing to lose.

Certainly, many people don't have anything invested. Fewer than a 3rd of millennials, usually thought of these born between 1981 and 1996, are saving in a 401(ok) retirement plan, in response to Charles Schwab's 2019 Trendy Wealth Survey. Not even 1 in 5 of us has an funding account. Total, practically half of People do not personal a single inventory.

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