An erosion of confidenceLess borrowingEven if you don’t trade, the stock market affects you as a consumer.
A stock market drop, if not reversed, can lead to a recession.
Even without a recession, poor stock market performance can hurt consumer confidence, leading people to hold off on buying that new house or car.
For those close to retirement, a stock market plunge can mean continuing to work longer than you’d planned to let those accounts rebound.
Less travel means fewer travel-related jobsBefore Monday’s stock market plunge, economists were already predicting issues with the economy due to the coronavirus.

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