VIDEO ⟩ “Black Monday” in the stock markets has had a significant impact on the retirement savings of many Latvian residents

The so-called Tier 2 active pension plans primarily invest in company assets. Therefore, “Black Monday” in stock markets had a strong impact on retirement savings.

In the past month and a half, active level 2 pension plans have lost their value in the range of 4-6%.

“Well, somehow the lessons have to be learned, maybe about how active active plans and the stock market work, and I think there’s a full spectrum here, like an immediate training program in a short period of time, ” says Bank Financial Literacy. from Latvia to the head of the department “TV3 News” Aija Brikše, asking residents to keep a cool head in this situation.

“Usually, people do not change their investment plans in those times when there is a recession, because in that case there is a fixed loss, or we lose our financial resources,” said Brikše.

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