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Reply #18: so i *know*, since 401ks didn't become a fixture until the 80s. They're a neglible part of [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-09-10 06:59 PM
Response to Reply #8
18. so i *know*, since 401ks didn't become a fixture until the 80s. They're a neglible part of
Edited on Fri Apr-09-10 06:59 PM by Hannah Bell
retirement income for current retirees.

and 2/3 of retirees get more than half their income from social security.

it's only to a small percent of the electorate that the stock market means diddly.

apparently you belong to that fraction.
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  -3:55pm... DOW at 11,000.75 scheming daemons  Apr-09-10 02:57 PM   #0 
  - nice! Climbing back towards 14,000 slowly  Liberal_in_LA   Apr-09-10 03:02 PM   #1 
  - I'm getting out at 12.5  RagAss   Apr-09-10 04:22 PM   #12 
     - Just for you:  A HERETIC I AM   Apr-09-10 07:54 PM   #23 
  - Who's got anything to sell? Not me for sure.  virgogal   Apr-09-10 03:04 PM   #2 
  - Still pushing that fantasy that what's good for Wall Street is good for the rest of us?  Raineyb   Apr-09-10 03:06 PM   #3 
  - It's certainly good for all those pensioners living off their 401Ks  NJmaverick   Apr-09-10 03:10 PM   #4 
  - 1/3 of retirees have only social security. for 2/3, social security provides at least half of their  Hannah Bell   Apr-09-10 03:14 PM   #5 
  - so 2/3 of retirees are using 401Ks to live on to some degree  NJmaverick   Apr-09-10 03:15 PM   #6 
  - unwarranted assumption.  Hannah Bell   Apr-09-10 03:17 PM   #7 
     - so you claim  NJmaverick   Apr-09-10 03:20 PM   #8 
        - so i *know*, since 401ks didn't become a fixture until the 80s. They're a neglible part of  Hannah Bell   Apr-09-10 06:59 PM   #18 
  - Got A Source For That?  KharmaTrain   Apr-09-10 04:31 PM   #13 
     - most people don't have "investments". possibly you don't know most people.  Hannah Bell   Apr-09-10 06:51 PM   #17 
        - 52.7 Million Investment Households....  KharmaTrain   Apr-09-10 07:27 PM   #19 
           - SSI isn't social security, for starters, it's supplemental security income, a welfare program.  Hannah Bell   Apr-09-10 07:43 PM   #22 
  - Utter bullshit. No one sane in that age group is living off of 401ks  eridani   Apr-09-10 09:10 PM   #27 
  - No, it's great when the stock market crashes. That's great for everyone.  Warren DeMontague   Apr-09-10 04:11 PM   #11 
  - Deleted message  Name removed   Apr-09-10 09:23 PM   #30 
     - I'm confused. Who are you arguing with?  Warren DeMontague   Apr-09-10 11:22 PM   #31 
  - wall street uses a lot of people's money in the form of investment & retirement  spanone   Apr-09-10 09:16 PM   #29 
  - Hey Rick Santelli...  orwell   Apr-09-10 03:46 PM   #9 
  - There is no sound economic justification for these gains  Taitertots   Apr-09-10 03:54 PM   #10 
  - anyone who looks to DU for investment advice...  onenote   Apr-09-10 04:41 PM   #14 
  - Nearly 50% of all families have money invested in the stock market  Born_A_Truman   Apr-09-10 05:18 PM   #15 
  - i.e., a minority of households, less since the market tanked & unemployment surged,  Hannah Bell   Apr-09-10 07:37 PM   #21 
  - I got my first quarter statement today. I was happy to see the gain. nt  CBR   Apr-09-10 08:18 PM   #25 
  - The amounts invested by the vast majority are utterly meaningless  eridani   Apr-09-10 09:13 PM   #28 
  - How dare you be optimistic. That's against GD rules.  tjwash   Apr-09-10 05:27 PM   #16 
  - So?  Confusious   Apr-09-10 07:33 PM   #20 
  - It's good news.  TexasObserver   Apr-09-10 08:15 PM   #24 
  - GNMA Bonds are paying 4.5% interest usable in "real time"!  DailyGrind51   Apr-09-10 08:21 PM   #26 
  - You're making all the DUers who wanted the Dow at 5k very sad.  aikoaiko   Apr-09-10 11:30 PM   #32 
  - Why aren't the Republicans blaming Obama for that? n/t  doc03   Apr-09-10 11:53 PM   #33 

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