← Back to context Comment by FanaHOVA 4 months ago You really think the amount of savings in 401ks is the same size as the GDP of the whole country? 4 comments FanaHOVA Reply hollerith 4 months ago That's comparing a rate of flow to a static amount. In other words, GDP is 27 trillion per year. dmoy 4 months 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) consumer451 4 months ago > It's not, but IRA plus 401k is about equal to GDPThe economic vampires must salivate about this opportunity all night and day. rsynnott 4 months 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.
hollerith 4 months ago That's comparing a rate of flow to a static amount. In other words, GDP is 27 trillion per year.
dmoy 4 months 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) consumer451 4 months ago > It's not, but IRA plus 401k is about equal to GDPThe economic vampires must salivate about this opportunity all night and day.
consumer451 4 months ago > It's not, but IRA plus 401k is about equal to GDPThe economic vampires must salivate about this opportunity all night and day.
rsynnott 4 months 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.
That's comparing a rate of flow to a static amount. In other words, GDP is 27 trillion per year.
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)
> It's not, but IRA plus 401k is about equal to GDP
The economic vampires must salivate about this opportunity all night and day.
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.