Retirement savings fall $2 trillion in 15 months

BY NANCY TREJOS THE WASHINGTON POST

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The stock market’s prolonged tumble has wiped out more than $2 trillion in Americans’ retirement savings in the last 15 months, a blow that could force workers to stay on the job longer than planned, tighten their wallets and possibly further stall an economy reliant on consumer spending, Congress’ top budget analyst said last week.

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This article was published Sunday, October 12, 2008.

Business, Pages 83, 86 on 10/12/2008

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