Don’t be so hasty there. My 401 is directly affected by the stock market. I didn’t Google how many Americans have them but I bet it’s quite a few.
And anyone with a pension like teachers, cops, private pensions are all invested in the market too. That’s a lot of people.
What I have long feared and anticipated is that if things in the markets get so bad, and the crash is deep and global, Obama will move to seize all 401Ks, IRAs, TSPs, and all pension funds. It isn’t a fantasy, Google and read about the plans they have already put into motion.
How long do you imagine it will be yours?
An you can rest assured those “gummint” retirees WILL get their pensions funded even if they tax you out of your home and rob your paycheck/savings.