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Gazi

Any moment now all of this wealth will trickle down

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Gazi    3,957

Rising stocks yield 300,000 new US millionaires

http://www.cnbc.com/id/100550563

Millionaires Say They’re Better Off Than in 2007

http://www.cnbc.com/id/100464754

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Cat    3,851

My 401k has nearly doubled since 2009. Not including my contributions to it. So some of it has trickled down.

Only 50 percent of Americans own stock.

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pstall    5,759

plus, how are folks doing pre 09? time in, versus, timING, is eveything.

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Cat    3,851

So 50% of Americans are directly benefiting from the rise in stock prices? That is a decent number actually.

I wasn't aware trickle down meant to only 1/2 the population.

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dos poptarts    693

Heh. Only recovering or moderately beating your market value after half a decade is doing better? You've lost time you can't recover. Guess that's why so many 55 and over are still working and NOT retiring. Funny but before the recession hit, companies in my industry was exchanging average and median age of employees because they absolutely wanted to ensure experienced mgmt/engineers to replace the baby boomers.

Only baby boomers I see taking retirement are those who can take early retirement packages and then immediately have another job lined up. No one I know personally that retired has stopped working.

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MadHatter    9,519

Only 50 percent of Americans own stock.

That would probably be the same 50% that actually pay taxes.

Why do the others need a 401k? They are already supported by the gov't.

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Cat    3,851

That would probably be the same 50% that actually pay taxes.

Why do the others need a 401k? They are already supported by the gov't.

So now you're claiming 50% of Americans are supported by the gov't. Either you're nuts or your definition of "supported" is quite broad.

Am I allowed to make up my own stats too?

anyways, you guys are off point. How is stock accounts going up proving trickle down works?

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