Comment by ImJamal
I don't know about the majority, but plenty of people have 401Ks (over 34%). It wouldn't be too shocking if 16% more people had stocks.
I don't know about the majority, but plenty of people have 401Ks (over 34%). It wouldn't be too shocking if 16% more people had stocks.
And presumably some of the 66% are either children/students who have never had a job but will have a 401k or similar when they get one, or retirees who cashed out their 401k and bought an annuity (perhaps not the absolute smartest thing to do, but something a decent number of people do).