Latest blow to 60/40 model is exodus of mom and pop investors
Savers are ditching the formula that's anchored retirement plans for more than half a century, after already low interest rates hit rock bottom during the pandemic.
Peter and Lynette Griffith had two-thirds of their retirement savings in shares during the 2008 financial crisis. By the time they stopped contributing to their retirement fund last year, it was 100%.
“There’s the 60/40 split, or for us personally, we used to have a 70/30 rule -- 70% shares
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