--- title: The Brexit Selloff Has a Small Silver Lining—But Only for Young People description: It's extraordinarily cold comfort, but it's worth point out for young people saving for retirement. authors: - name: Ethan Wolff-Mann url: https://money.com/author/ethan-wolff-mann/ at_money_since: 2015 articles: 160 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Personal Finance - Professional Services - Shopping - Taxes - Technology social: - https://x.com/ewolffmann former_staff: true published: '2016-06-24T21:00:03.000Z' modified: '2024-04-17T02:29:50.000Z' section: Economy and Politics tags: - Brexit - Investing - Millennials - pubdesk - Young people word_count: 284 canonical: https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![EU Referendum - Signage And Symbols](https://img.money.com/2016/06/gettyimages-530025852.jpg) [Brexit is happening](https://money.com/what-brexit-britain-european-union-vote-means-for-economy/), and it's happening against the will of Britain's young people. According to the poll below, which was retweeted over 25,000 times, Brits under 50 overwhelming wanted to stay. The poll also shows that the voters who got their way won't have to deal with the consequences for nearly as long. For the young, there is a small silver lining in all of this: Britain's vote to leave the European Union [tanked the global markets](https://money.com/brexit-vote-european-union/?xid=homepage) on Friday. U.S. stocks fell 3.4% while European shares lost more than twice as much. How can this be a good thing? For young workers looking to save for retirement, short-term market pullbacks that take place early on in their careers can be an opportunity. Since millennials aren't likely to have considerable sums already saved up and invested, losses like Friday's aren't nearly as bad as they are for older workers — like the older Brits whose "leave" vote sparked the global selloff in the first place. Additionally, a greater percentage of younger worker's savings will be deposited after the Brexit downturn, and will be positioned for growth when the market eventually recovers. These troughs and peaks are all part of the game if you're in for the long haul, and for young people many decades from retirement, that's a long haul indeed. Of course, this is extremely cold comfort, because not everyone is lucky enough to be able to save for retirement. And it's especially frustrating for young Brits, who are [clearly angered](http://money.cnn.com/2016/06/24/news/millenials-eu-referendum-brexit/) by Brexit, as it cuts off opportunities for them on the continent in the name of economic nationalism, which they did not want. **Read more**: [5 Reasons Americans Should Care About Brexit](https://money.com/what-brexit-britain-european-union-vote-means-for-economy/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Young Adults", "item": "https://money.com/young-adults/" }, { "@type": "ListItem", "position": 4, "name": "The Brexit Selloff Has a Small Silver Lining—But Only for Young People" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/#webpage", "url": "https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/", "name": "The Brexit Selloff Has a Small Silver Lining—But Only for Young People", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-06-24T21:00:03.000Z", "mainEntity": { "@id": "https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/#breadcrumb" }, "dateModified": "2024-04-17T02:29:50.000Z" }, { "@type": "Article", "headline": "The Brexit Selloff Has a Small Silver Lining—But Only for Young People", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/06/gettyimages-530025852.jpg", "width": 5472, "height": 3648, "caption": "EU Referendum - Signage And Symbols" } ], "author": [ { "@type": "Person", "name": "Ethan Wolff-Mann", "url": "https://money.com/author/ethan-wolff-mann/", "@id": "https://money.com/author/ethan-wolff-mann/#author", "sameAs": [ "https://x.com/ewolffmann" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2016-06-24T21:00:03.000Z", "description": "It's extraordinarily cold comfort, but it's worth point out for young people saving for retirement.", "abstract": "It's extraordinarily cold comfort, but it's worth point out for young people saving for retirement.", "@id": "https://money.com/the-brexit-selloff-has-a-small-silver-lining-but-only-for-young-people/", "inLanguage": "en-US", "dateModified": "2024-04-17T02:29:50.000Z", "wordCount": 284, "keywords": [ "Brexit", "Investing", "Millennials", "pubdesk", "Young people" ], "about": [ { "@type": "Thing", "name": "Political economy", "sameAs": [ "https://en.wikipedia.org/wiki/Political_economy" ] }, { "@type": "Thing", "name": "Young adult", "sameAs": [ "https://en.wikipedia.org/wiki/Young_adult" ] } ] } ] } ```