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You really think the amount of savings in 401ks is the same size as the GDP of the whole country?
by FanaHOVA 1y ago
You really think the amount of savings in 401ks is the same size as the GDP of the whole country?
- dmoy 1y agoIt's not, but IRA plus 401k is about equal to GDP, yes (and if you add approximately equivalent defined contribution plans like 403b, tsp, etc, then it's more than GDP)
- consumer451 1y ago> It's not, but IRA plus 401k is about equal to GDP The economic vampires must salivate about this opportunity all night and day.
- hollerith 1y agoThat's comparing a rate of flow to a static amount. In other words, GDP is 27 trillion per year.
- rsynnott 1y agoWhy shouldn't it be? GDP is _economic production (for some value of economic production) for a year_. It's not all that closely linked to wealth.