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Personal Finance and Investing

Progressive dog

(7,239 posts)

11. There are other places to invest

Reply to at140 (Original post)

Sun Feb 9, 2020, 04:33 PM

Feb 2020

All of them, to some extent, depend on the economy. Of course, some stock investments are in pension funds that pay to individuals but are not directly held by them.
For example

The New York State and Local Retirement System (NYSLRS) is a defined-benefit plan. Your retirement benefit will be based on factors such as your tier, retirement plan, service credit, final average salary (FAS) and age at retirement.Mar 31, 1970

If earnings on the investment funds decrease, then the governments contributions increase as a percentage of the covered workers salaries. So, there are lots of people who are dependent upon stocks and other investments for their retirement income. Some people will see their taxes go up if the value of stocks go down.

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24 replies

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Only half of Americans own stocks, and 84 percent of all stocks are held by just 10% [View all] at140 Feb 2020 OP

Are we talking outright stock? RandySF Feb 2020 #1

It includes stocks held in mutual funds progree Feb 2020 #4

Then it has to be more than half. RandySF Feb 2020 #5

Then what has to be more than half? progree Feb 2020 #6

I think the article is off. RandySF Feb 2020 #8

It could be. But why do you think so? It is a much quoted statistic progree Feb 2020 #9

Marketwatch?? They depend on more stock buyers! at140 Feb 2020 #16

There are many more than just Marketwatch quoting that statistic progree Feb 2020 #20

I wonder.... lastlib Feb 2020 #24

Well, 55% of Americans said they own stock in 2019 (was 63% in 2004) - Gallup progree Feb 2020 #15

Good point to make! A gross distribution of wealth in this country, which should have never... SWBTATTReg Feb 2020 #2

A very clever way to pitch one's primary candidate outside of the Democratic Primaries Forum progree Feb 2020 #3

My candidate preference is not important, the subject matter of thread is! at140 Feb 2020 #17

The admins instructions are clear - and there was a good reason for them. We don't progree Feb 2020 #18

To answer your tax question -- I got screwed a bit progree Feb 2020 #19

I've been on the road all day and only just saw this thread a short while ago..... A HERETIC I AM Feb 2020 #21

OK, I will edit my post...as the mention of Warren was incidental. at140 Feb 2020 #22

Fair enough. A HERETIC I AM Feb 2020 #23

Vanguard use to use Wellstone ruled Feb 2020 #7

I own stock jls4561 Feb 2020 #10

There are other places to invest Progressive dog Feb 2020 #11

True. Pension plans are included in the stock ownership statistics cited in the OP progree Feb 2020 #12

Defined benefit plans are not Progressive dog Feb 2020 #13

EDITED - you apparently are right, looking at the paper (NBER link). progree Feb 2020 #14