# of 401K millionaires spikes by 20% last quarter under Bidenomics

Thanks Nividia

 

now show how many have fallen below the poverty line due to high food, gas, housing,medical costs.

 

Now show me a republican that really cares ...

 

To be fair 422k is like .3 percent of the total working population.
On the flip side, someone.could have rollovers and 401ks at other old jobs that aren’t being counted.
So it doesn’t tell you much, other than “the stock market is up”, which we already knew.
All things being equal though, it’s better to see it up than down.

 

The latest poverty report is through 2022. And numbers between 2021 and 2022 remain mostly unchanged. The concern is more children in poverty, but tax credits are helping.

 

Bidenomics minting new millionaires left and right.

Trumpenomics had the rubes hoarding toilet paper.

 

It is just one broker reporting, though, not all 401k holders.

 

11.5% of the population was under the poverty line in 2020. In 2022 (the last year of official data), the percentage of the population under the poverty line was...11.5%.

Poverty in the United States: 2022

 

Agree. They are about a third of the market, but seem to have a disproportionate number of the larger high salary companies. So the number above might be half the total.

 

Why don't they just work harder instead of expecting the government to save them?

 

They should report avg return men v. women. Women stomp men in investing. Brokerages don't like to report these #s, b/c women stomp men due to being less confident & hence TRADING less.

 

In my sample size of 1:1, this is accurate.

 

been watching march madness and do brackets like recruiting since I was a kid. My pics usually mirror someone like Seth Davis or Bilas and I lose 3 out of 4 years to my wife who makes picks based on uniforms, colors and if the coach is good looking.

 

Wow. Congrats to President Biden and the Dems in THFSG.

 

The more you trade the more your broker makes. I buy a spider fund and only look at in when I do my taxes.

 

I am excite

 

crsp, crm, and panw have also been very good to me in the last year. wish I would have dumped more of my boeing stock and bought even more. fortunate to say that I am in the 20%. sadly, this stock market wealth is only increasing the void between the haves and have nots