Trump wants negative interest rates because the economy is just BOOMING!
KA - BOOM!
The tally of 401k millionaires hits new high.
The number of 401k and IRA millionaires again reached record highs, according to Fidelity Investments, thanks in part to good returns from stocks in the fourth quarter.....
But it wasn’t only millionaires who reaped retirement benefits at the end of 2019.
Investors who had saved for a decade saw their average balances top $328,200 in the fourth quarter, an increase of more than $21,000 from the prior quarter.
401k balances rose to $112,300, a 17% increase from the previous year, while IRA balances reached $115,400, a jump of 17% from 2018.
Americans also made an effort to invest more out of their paychecks.
Overall, 33% of investors saw their savings rate increase in 2019. Of those, 2 in 5 voluntarily upped their contributions, while the remaining benefited from automatic increases to contributions....
#MAGA.
Go jump your ass into Fishtrap Lake.