The Treasury Secretary Is Wrong About How Most Retirees See the Stock Market

The Treasury Secretary Is Wrong About How Most Retirees See the Stock Market

Last weekend, Treasury Secretary Scott Bessent went on television and said people who wanted to retire right now were not paying attention to the stock market. On the NBC program “Meet the Press,” referring to those who have “put away for years in their savings account,” he said the following: “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 c…