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A sobering statistic

Ross Levin is one of the nation's premier financial planners. He's based in Edina, Minnesota. Here's a sober bit of number-crunching:

"And for those clients who say, "This is just like the Great Depression". The correct answer is, "No, this is worse". The 1999-2008 return stands at an annualized -2.23%. 1929-1938 was only -.87%."

However, the good news is that "the markets should return 6.7% over the next five years to match the 15 year rolling average from 1929-1943 (assuming the SP 500 stays at this level for the rest of 2008). 2008 numbers do not include dividends."

About the author

Chris Farrell is the economics editor of Marketplace Money.

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