Those who are living paycheck-to-paycheck are the people I'm concerned about, not the rich complaining about not being rich enough.
No one saves for retirement by stuffing a mattress. 401(k), or even a bank account would do better. Welcome to the 20th 21st century!
Yes because anyone who, say, makes an extra $10 in tips tonight will be straight on the phone to Scottrade in the morning. No, rather they will put a little aside, perhaps in a jar or maybe a low-yield savings account and build their wealth until it is large enough to actually do something with.
Then, of course, we are entering the era of negative interest rates on savings. So perhaps the mattress is better. Of course, even if you aren't in this kind of situation, it's impossible to operate a checking account without keeping a balance so the government is helping itself there too, even when bail-ins are not happening.
Ah, and, the stock market. That's where all these inflated dollars are going, indeed. Nice fat bubble there. Nice if you happen to have some extra money to put in there. At least until the inevitable happens. Don't worry, the big boys who buddy up to the government will be able to make a tidy exit in good time. There will be plenty of people wondering where their retirement money went though.
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