Dow Drops Over 300 Points

The worst week for American 401(k)s in nearly 2 years.
3:00 | 01/24/14

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:



Skip to this video now

Now Playing:


Related Extras
Related Videos
Video Transcript
Transcript for Dow Drops Over 300 Points
Security agents will accompany athletes to all events Baby boomers likely checking their 401(k)s this evening. The Dow down more than 400 points this week. So, what does this mean for your money? ABC's chief business correspondent Rebecca Jarvis tonight. Reporter: A dramatic reversal on Wall Street, stocks dropping as fast as the thermometer this week. Taking investors like bill and Kathy woerlts of Illinois on a roller-coaster ride they thought was over. How do you feel? It's been a great year. Reporter: Tonight, they're not quite so optimistic. The average American family 401(k) Started last year around $77,000. By year's end, it was above 100 grand. But just this week, it's fallen more than $3,000. Why is this happening? Fierce of China slowing, American consumers spending less and worries about how much the federal reserve will keep helping the markets. Rebecca is with us. Dave, I have been talking to some of the top minds on wall Street, this year, we could be in for some more bumps. For those who are closer to retirement, a few years away, it's time to talk to your adviser and talk about taking away some of that risk Another headline, well-known American family leaving beyond their means.

This transcript has been automatically generated and may not be 100% accurate.

{"id":21665956,"title":"Dow Drops Over 300 Points","duration":"3:00","description":"The worst week for American 401(k)s in nearly 2 years.","url":"/WNT/video/dow-drops-300-points-21665956","section":"WNT","mediaType":"default"}