3 ms·
Since the beginning of 401ks, the yearly amount being locked away exceeded the amount being cashed out. Thanks to baby boomers retiring, a couple of years ago t
by bluetwo 6y ago
Since the beginning of 401ks, the yearly amount being locked away exceeded the amount being cashed out. Thanks to baby boomers retiring, a couple of years ago that reversed, and will stay reversed for the rest of our lives.
The first condition creates a natural headwind to increase stock values. The current condition will reverse that.
- partiallypro 6y agoBut generational wealth is increasing, as boomers die their kids get the money...which they then reinvest. The money doesn't just disappear.
- hattmall 6y agoNot as the cost of aging increases and government fees expand. Most boomers still aren't technically retired and they aren't in advanced ages, they are just now a few years into being senior citizens with most still generating income. A few years (or months) in a nursing home will evaporate almost all wealth for 90% of boomers.
- bluetwo 6y agoThat's why they invented cocaine.