Tag: stock market
Fluctuations emphasize the importance of Social Security as base retirement income. The recent gut-wrenching falls in the Dow Jones Industrial Average and other market indexes highlight the terrifying nature of our employer-based retirement system. Yes, stocks over the long run have performed well, and the Dow will inevitably recover. But with the aging of t…
Abstract The booms and busts of the late 1990s and 2000s have taken 401(k) plan participants on a rollercoaster ride. Using data from administrative tax records and household surveys, this paper examines how participants responded to these periods of economic expansions and contractions by documenting changes in 401(k) participation, contributions, and investment allocation from 1990…
