Days after Standard & Poor's dropped the U.S. debt rating, stocks plunged sharply this morning as investors had their first opportunity to react to the historic downgrade.
In the midst of the uncertainty in the global markets, many Americans are left wondering how, and if, the move by S&P will affect their personal finances.
Today on American Morning, Sarat Sethi, Partner and Portfolio Manager for Douglas C. Lane & Associates, breaks down the ways that the credit downgrade could impact investments, bonds and retirement funds.