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FanaHOVA
249 days ago
You really think the amount of savings in 401ks is the same size as the GDP of the whole country?
3 comments
hollerith
249 days ago
That's comparing a rate of flow to a static amount. In other words, GDP is 27 trillion
per year
.
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dmoy
249 days ago
It's not, but IRA plus 401k is about equal to GDP, yes (and if you add approximately equivalent defined contribution plans like 403b, tsp, etc, then it's more than GDP)
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consumer451
249 days ago
> It's not, but IRA plus 401k is about equal to GDP
The economic vampires must salivate about this opportunity all night and day.
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rsynnott
248 days ago
Why shouldn't it be? GDP is _economic production (for some value of economic production) for a year_. It's not all that closely linked to wealth.
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