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statement shock noun.
  1. The shock a person experiences when they see a large balance on their credit card statement, particularly in January.

  2. The shock a person experiences when they see a large drop in the value of their investment portfolio.

Example Citation:
  1. "Credit card bills, reminders of holiday excess, are making January look bleak for some people. Consumer Alert, a national consumer group, offers a free, two-page budget planner for those experiencing 'statement shock.' "
    —"Consumer Notes," The Indianapolis Star

  2. "Across New York these days, the post office is delivering 'statement shock.' That's what is inside the envelopes from the brokerage firms and mutual funds showing jaw-dropping third-quarter numbers for the billions invested in 401(k)s and retirement plans."
    —Virginia Breen, "How to Cope with Plunging Stocks," Daily News (New York)

Related Words:
churnover
demand shock
drill bit stock
fallen angel
feature shock
poverty effect
retirement panic
Rio hedge
single-digit midget
stuckholder
sucker rally
ticker shock
trade rage

Subject Categories:
Business - Money
Business - Stock Market and Investing

Posted on January 4, 1999 at 6:51 AM
Updated on January 4, 1999 at 6:51 AM


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