The wealth effect!
- Thread starter The Dude
- Start date
007
New member
Just in time for Obama to seize them to underpin, temporarily, the Ponzi scheme known as social security.Is the sky really falling?
Fidelity reports 401k balances have quadrupled over he last decade.
Lets say it flys in the face of the fear mongering from the right.
Dixie - In Memoriam
New member
Is the sky really falling?
Fidelity reports 401k balances have quadrupled over he last decade.
The balances of those who still have 401ks. How many people have cashed in their 401k to live on, while they've been long-term unemployed? Does Fidelity report this too? As more people cash in and fewer people invest, the returns for those who can do it, will increase accordingly, that's free market economy in a capitalist society. So, yeah, it's good that 401k returns have quadrupled over the past decade, but not so good if half the people were forced to cash in their 401k to live on.
cawacko
Well-known member
Fear mongering in what way?
Mott the Hoople
Sweet Jane
Would that be due to an increase in the market or an increase in deposit into 401K's?Is the sky really falling?
Fidelity reports 401k balances have quadrupled over he last decade.
007
New member
Fewer 401ks due to the smart people cashing them out to avoid the upcoming seizure.
Those left are growing faster.
That's all.