“Throughout the Great Recession of 2008, the average 401(k) balance lost anywhere from 25 to 40 percent of value. Nobody was more harmed than baby boomers or recent retirees, who, unlike younger workers, didn't have the time for the market to rebound or were no longer contributing and therefore unable to invest when stocks were cheap.”

American journalist and filmmaker

Mary Pilon is an American journalist and filmmaker who covers sports and business. She has written for major outlets including The New Yorker, Bloomberg Businessweek, The New York Times, and The Wall Street Journal. Her books include The Monopolists, The Kevin Show, Losers: Dispatches From the Other Side of the Scoreboard, and The Longest Race, which she co-authored with Olympian Kara Goucher. Her reporting and writing often reflect the worlds of competition, money, and the people shaped by both.