6 ms·

It may, a bit. If the 401k is in the stock market, and the stock market is down, their total visible money is down. That tends to decrease enthusiasm for spen

It may, a bit. If the 401k is in the stock market, and the stock market is down, their total visible money is down. That tends to decrease enthusiasm for spending.

bryanlarsen 11mo ago
It may also affect it a lot. Retirees I know have a retirement plan that involves their retirement accounts being at a specific level at the end of each year. If their accounts are over that level because the stock market had a good year, they consider it funny money that they're allowed to spend.
- tadfisher 11mo ago
  That's not a plan, it's a suicide note with extra steps.
  - addaon 11mo ago
    > That's not a plan, it's a suicide note with extra steps. Being an aging human is a suicide note. The extra steps are the entire point of retirement.