Skull Pilot
Diamond Member
- Nov 17, 2007
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20 years ago there were no 401Ks. Thus any extra money, for most people, went into savings or CDs. Now it seems to me that every company offers a 401K plan. Most companies base their retirement plans on a 401K. I am not sure how this can not have an effect on the stock market.
FYI the 401 k was established in 1978.
nit pick
Accuracy.