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Is 401k really something that only small % of the populace has?

• dragonwriter 7y ago
  Any given increase in average investment yields translates into a much smaller percentage increase in total income for most workers with 401Ks than it provides to people whose primary income stream is investment income.
  • sokoloff 7y ago
    You mean like people who saved in their 401(k) for 30 years and are now living off it?
    • dragonwriter 7y ago
      People who are living exclusively on 401k income are, by far, a minority of people with 401k’s, yes.
      • qaq 7y ago
        why does it have to be exclusively 401k?
        • dragonwriter 7y ago
          Because people whose support comes from other sources have the income-boosting effects of anything that bumps investment yields reduced in proportion to their non-investment sources of income. Yes, a lot of (especially the upper income segment) of the working class has some investments, particularly in retirement accounts; this doesn't mean they generally see the same income benefit as major capitalists from policies that boost investment yield.