The more fortunateforward thinking are beginning to dip into their IRAs and 401Ks.
There was never anything stopping anyone from investing in a 401K or IRA or other tax deferred retirement investment funds.
If you didn’t invest for retirement it wasn’t bad luck. It was your own fault. Most anyone can afford $10 a week. If you can afford beer, cigarettes or an expensive cellphone you can afford to invest for the future.
‘LUCKY’ is a word the Left uses to sell tax hikes on those that plan ahead to those weak minded individuals who don’t.
Unfortunately, those who prefer to safely “save” at interest rather than “invest” in equities at risk are now left out in the cold. A whole dimension of the economy is gone. That ain’t good in the long run.
Kind of like complaining the blindfold itches while the command to ready, aim, fire is being delivered.
I want reparations for having to put up with stinking HIPPIES for all these years!
All this really tells you is that letting government calculate inflation is like letting the fox guard the hens.
My personal inflation rate has vastly exceeded the government figures, and so has that of everyone around me.
One of the things about this that I never see discussed, is that when boomers really start cashing in the 401ks and other similar instruments, that all of that money is essentially being pulled from the market. I’m thinking that the continual draw down has to affect the market in the long run.