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All that advice about taking a deep breath, focusing on the long term and not obsessing about the balance in your retirement accounts as the markets take a wild ride sounds a lot better when you’re not headed toward retirement soon.

Click the audio player above to hear the full story. 

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As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Erika Beras at @@Erika_Beras