Marcus: Houston Area and Years

marcus: Such a decline has historically happened on average every four or five years, according to The Toronto Star. Marcus Harris, a 34-year-old physician in the Houston area who started investing about five years ago. The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 per cent drop in the S&P 500 the classic definition of a bear market. David J. Phillip / The Associated Press That's nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question What will they do when the next downturn inevitably arrives How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security's finances weaken. Here's how Few analysts are predicting an imminent downturn for the S&P 500, which finished Tuesday within 0.8 per cent of its record, but they're much less confident about 2019 or beyond due to rising interest rates and other market challenges. Read more Why millennials are quitting their jobs with no backup Article Continued Below Wealthy millennials are interested in investments Report Millennials have a six-figure start on retirement saving. (news.financializer.com). As reported in the news.