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    • Member Info
      • Native Language:
      • Chinese
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    • Join Date: Nov 2008
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    two questions

    A script from CNN "Alison Kosik is looking at the cost to your retirement. George Howell showing how college students will take a hit. Ali Velshi with the new damage to America's standing. And Ted Rowlands explains why thousands of jobs are now thrown into limbo. " my questions are:
    1.Why "cost to your retirement"?Is it more appropriate to say "cost of your retirement"?
    2.What does "take a hit" mean?

    • Member Info
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      • American English
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      • United States
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      • United States

    • Join Date: Apr 2009
    • Posts: 12,310

    Re: two questions

    The is about the recent stock market dive. The falling stock values imposed a cost on anyone who holds stocks. This includes people planning for their retirements. So there was a cost imposed on peoples' retirement portfolios. "Retirement" in this statement means "retirement portfolio." So it's a cost to the portfolio.

    "Take a hit" is an analogy from a fight. In this context it means to absorb more costs for their schooling (due to a change in rules about when interest payments must begin for student loans).

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