this post was submitted on 27 May 2024
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United States | News & Politics

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The top 10% now own 93% of all stocks while the bottom 50% owns 1%. The stock market is a meaningless measure of the economy. (finance.yahoo.com)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 6 points 6 months ago* (last edited 6 months ago)

It should. If a 401k is used to purchase common stocks, there's no reason for the market to differentiate that it's held by a retirement plan (at least to the best of my knowledge). Even 401k target-date funds are just mutual funds or ETFs, comprised of common stocks. I'd wager a large portion of the 7% not held by the Do Nothing class is from 401Ks and IRAs.