-- you feel a little extra cash in your pocket tonight because the stock markets soared hitting a number the US economy has not seen for four long years. Which leads tonight millions of Americans have... See More
-- you feel a little extra cash in your pocket tonight because the stock markets soared hitting a number the US economy has not seen for four long years. Which leads tonight millions of Americans have more savings a stronger 401 okay. But look at get at the rough ride of the last four years it was 2008 from the market last reached thirteen thousand. And ten months later -- collapsed 50% after that. Here it is our rocky climbed back to today. We broke through thirteen thousand again so will this rally lapsed. ABC's the article in drinking has been studying what happened today and -- This is the moment the Dow broke through the thirteen thousand mark. Week and not just on Wall Street. -- -- a real impact of the market's rebound we decided to check in with Paul Rawlins down a national Carolina. -- mr. -- this is great world news first met -- and his wife Jan back in 2009. Shortly after the financial crisis wiped out their 401K. Our retirements. Been depleted -- forty to 50%. It could have come at a worse time. The couple had just retired to -- to live out their golden years but there roller coaster ride was only beginning. They recoup some of their money only to see it disappear again last summer when the market tanked. If we got -- the same way we did before we would lose our house and we would. We're dealer -- for a rental apartment and very short order. But today a different picture Paul told us his 401K has recovered more than half of its losses. -- the past few months it's been on a steady upward projected. And he's not alone. In the depths of the recession and the average 401K lost nearly 51000. Dollars. It since recovered about half of that amount and now the pace is speeding up gaining 7000 dollars in just the past month and a half. This does finally -- -- -- opportunity for many Americans to at least feel like -- regain ground lost. Today's Wall Street breakthrough came just hours after European leaders announced a 172. Billion dollar bailout for Greek. Fending off a potential global financial catastrophe that's been keeping market watchers up at night and while thirteen thousand may just be a number of it does have a way of making all of us feel a little bit better. Hitting that milestone what does that mean for you it means a little v.s -- our lives we can live less stringent that's a positive for the long term. And hoping it will continue be on you have a board of experts are recovery board and we call them we check in with them every weekend what are they saying tonight. We asked them is this rally sustainable Diane for the first time all of them said yes they are optimistic they do believe that consumers are out there -- spending more money right now specifically at retailers. A Wal-Mart Macy's Home Depot and what our experts noted something that was quite -- mutual. He's the trend has been seeing over the past few months is that more consumers are buying things like plates and utensils they're upgrading. So they're finally feeling comfortable with getting rid of the old. Buying some new things so these are things that can choose to but they don't have to -- but this is the first time they've -- -- this time they've all said that they've really do believe that this rally this weekend hoping for the milestone -- -- --
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