Reply to Trump tariffs: ruin U.S. economy until 2040

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Market closing up almost 3k... the art of the deal just dealt [/quote]
the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market.  Trump's inside circle knew when to dump and when to buy.[/quote]

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.[/quote]

People still have pensions and 401k's even if they don't have stocks in their own names.[/quote]

DP. Only 67% of the work force has access to a 401k and 56% participate. So people with 401k are 37ish% of the workforce.
Those who do participate a median average:
Under 35: Around $30,000
35-44: Around $91,281
45-54: Around $168,646
55-64: Around $244,750
65 and older: Around $272,588

You can do the math. Under 35 a 10% change in the market is 3k but they would have to check their account to see it. Most people don’t. Now as you get close to retirement age or are in retirement you pay attention.

Also most 401k under preform the S&P 500 by 1/2. Last 20 years average 401k return was 5-8% S&P returned 10.3% without adjusting for inflation.

Finally there is a big difference between average 401k vs median- ie 401k really benefits high income individuals.[/quote]

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