Some bad news about retirement savings: 401(k) balances increased very little in the last 10 years
In 2017, the average account balance was $103,900; the median was $26,300. The big difference between the median and the average is due to a small number of accounts that have really big balances. Average balances are more typical of long-tenured more affluent participants, while the median balance represents the typical participant. 2017 was a good year in the stock market — the average participant’s return was 18%, which explains the uptick in balances from 2016.
The Nation's Financial Condition
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Re: The Nation's Financial Condition
“I wish you would!”
Re: The Nation's Financial Condition
why do you think the rich are running to "renewables" and candy "edibles"...........especially the young that remember banksters and the go go 80's....o...wait....go go 2000's........what, the young (45 and below) aren't sexting it up with the "brokers" belovating blue star airlines, instead buying real estate, funky "stocks", etc. Remember, if 45 today, you were 34 in 2008. Might have lost ALL the earnings after FINALLY paying off student loans.Typical Lax Dad wrote: ↑Mon Oct 28, 2019 3:53 pm Some bad news about retirement savings: 401(k) balances increased very little in the last 10 years
In 2017, the average account balance was $103,900; the median was $26,300. The big difference between the median and the average is due to a small number of accounts that have really big balances. Average balances are more typical of long-tenured more affluent participants, while the median balance represents the typical participant. 2017 was a good year in the stock market — the average participant’s return was 18%, which explains the uptick in balances from 2016.
Hence the birth of the REAL tea party....not the one anderson cooper said it was. Man doesn't even swallow, his own words....why, what were U thinking?
oligarchy thanks you......same as it evah was
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Re: The Nation's Financial Condition
Nice seeing you Bud Fox.ABV 8.3% wrote: ↑Mon Oct 28, 2019 6:00 pmwhy do you think the rich are running to "renewables" and candy "edibles"...........especially the young that remember banksters and the go go 80's....o...wait....go go 2000's........what, the young (45 and below) aren't sexting it up with the "brokers" belovating blue star airlines, instead buying real estate, funky "stocks", etc. Remember, if 45 today, you were 34 in 2008. Might have lost ALL the earnings after FINALLY paying off student loans.Typical Lax Dad wrote: ↑Mon Oct 28, 2019 3:53 pm Some bad news about retirement savings: 401(k) balances increased very little in the last 10 years
In 2017, the average account balance was $103,900; the median was $26,300. The big difference between the median and the average is due to a small number of accounts that have really big balances. Average balances are more typical of long-tenured more affluent participants, while the median balance represents the typical participant. 2017 was a good year in the stock market — the average participant’s return was 18%, which explains the uptick in balances from 2016.
Hence the birth of the REAL tea party....not the one anderson cooper said it was. Man doesn't even swallow, his own words....why, what were U thinking?
“I wish you would!”
- cradleandshoot
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Re: The Nation's Financial Condition
https://www.cnsnews.com/article/washing ... et-records You have to love our government... they take more $$$$$$ in and spend it just as fast. Is this how the game is played? A Fan often says we don't pay enough in taxes. When these idiots will just tinkle it all away, what is the point? Tax and spend is just not a motto, it is reality in DC land.
We don't make mistakes, we have happy accidents.
Bob Ross:
Bob Ross:
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Re: The Nation's Financial Condition
"However, the $230,245,000,000 in corporation income taxes the Treasury collected in fiscal 2019 was down $225,715,590,000 from the $455,960,590,000 in corporation income taxes the Treasury collected in fiscal 2007."cradleandshoot wrote: ↑Tue Oct 29, 2019 5:40 am https://www.cnsnews.com/article/washing ... et-records You have to love our government... they take more $$$$$$ in and spend it just as fast. Is this how the game is played? A Fan often says we don't pay enough in taxes. When these idiots will just tinkle it all away, what is the point? Tax and spend is just not a motto, it is reality in DC land.
Re: The Nation's Financial Condition
Another broken promise. Its all Obama's fault.
STAND AGAINST FASCISM
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Re: The Nation's Financial Condition
Trump will save them by using the new found income from tariffs to shore up the coal industry.
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Re: The Nation's Financial Condition
Going to be very difficult to beat Trump with this happening.
https://www.marketwatch.com/story/the-s ... =home-page
Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.
https://www.marketwatch.com/story/the-s ... =home-page
Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.
Re: The Nation's Financial Condition
The Dow was at a record high around election day 2016.Peter Brown wrote: ↑Tue Oct 29, 2019 2:24 pm Going to be very difficult to beat Trump with this happening.
https://www.marketwatch.com/story/the-s ... =home-page
Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.
What does "promises to reverse the above link" even mean? And where has Warren promised to head us into a recession? Please post sources.
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Re: The Nation's Financial Condition
I would blame the source...not PB, but the author of his link.holmes435 wrote: ↑Tue Oct 29, 2019 2:55 pmThe Dow was at a record high around election day 2016.Peter Brown wrote: ↑Tue Oct 29, 2019 2:24 pm Going to be very difficult to beat Trump with this happening.
https://www.marketwatch.com/story/the-s ... =home-page
Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.
What does "promises to reverse the above link" even mean? And where has Warren promised to head us into a recession? Please post sources.
Since Jan 2019
Dow is up 450 points....4.90% annually.
SP500 - 6.80%.
If you were to removed the impact of "capitalization", meaning each stock is weighted equally, the return drops almost 40% to 4.25%.
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Re: The Nation's Financial Condition
Pete's upset that "someone else" might get some of the socialism he's enjoying. And we can't have that, right?holmes435 wrote: ↑Tue Oct 29, 2019 2:55 pmThe Dow was at a record high around election day 2016.Peter Brown wrote: ↑Tue Oct 29, 2019 2:24 pm Going to be very difficult to beat Trump with this happening.
https://www.marketwatch.com/story/the-s ... =home-page
Going to be impossible to beat Trump if the Democrats nominate Elizabeth Warren, who promises to reverse the above link.
What does "promises to reverse the above link" even mean? And where has Warren promised to head us into a recession? Please post sources.
- ChairmanOfTheBoard
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Re: The Nation's Financial Condition
let's just see how the week closes out first before we declare a new bull market.
There are 29,413,039 corporations in America; but only one Chairman of the Board.
Re: The Nation's Financial Condition
Third Q growth rate is 1.9 %. Ron Varo can’t explain it.
“I don’t take responsibility at all.” —Donald J Trump
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Re: The Nation's Financial Condition
U.S. economy likely lost further ground in third quarter
Some think we are somewhere in between the best economy ever and a new bull market. Both great reasons to LOWER rates!!"WASHINGTON (Reuters) - The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course.
The fading stimulus from last year's $1.5 trillion tax cut package and weakening growth overseas is also crimping the longest economic expansion on record, now in its 11th year.
The anticipated third-quarter growth pace would mark a further deceleration from the 3.1% rate logged in the first quarter, indicating the economy will again miss the White House's ambitious goal of 3.0% annual growth. Growth peaked in the second quarter of 2018, when it was jolted by the tax cuts and increased defense spending.
The economy grew 2.9% in 2018 and growth this year is expected to be below 2.5%. Economists estimate the speed at which the economy can grow over a long period without igniting inflation at between 1.7% and 2.0%.
Despite the lowest unemployment rate in nearly 50 years, which has buoyed spending, some economists are starting to question the resilience of the consumer after retail sales fell in September for the first time in seven months. Consumer confidence has been trending lower and wage growth is stalling.
"If consumer spending misses a beat in the fourth quarter, there is little other support for the economy to fall back on," said Scott Anderson, chief economist at Bank of the West in San Francisco.
Business investment likely contracted further after falling by the most in 3-1/2 years in the second quarter. In addition to trade tensions, which have weighed on capital expenditure, cheaper oil has undercut spending on oil and gas drilling.
The slower inventory build is also a factor in weak manufacturing production. Government spending is expected to have cooled after rising at its fastest pace in 10 years in the second quarter. Spending on homebuilding likely rebounded after contracting for six straight quarters."
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Re: The Nation's Financial Condition
Fed makes another cut to help extend the longest expansion in US history.
Adam Smith’s Revenge - Trade damage takes the economy down to Obama growth levels.
"The great counterfactual of the Trump Presidency is how much faster the economy would be growing without the damage of his trade protectionism. Wednesday’s report of lackluster 1.9% growth in the third quarter shows again that you can’t escape Adam Smith’s revenge for indulging in bad economic policy for political goals.
The economy continued to grow despite overwrought recession fears as consumer spending provided nearly all of the growth in GDP. This is the second quarter in a row when the mighty consumer had to offset falling business investment to produce positive growth. Government spending kicked in a modest 0.35-point of the 1.9% growth, offsetting declines in net exports (minus-0.08) and gross private investment (minus-0.27).
The strong evidence is that trade policy is the main growth culprit. U.S. manufacturing has slumped, which is related to slowing exports. Slower growth in China from the trade war has reduced the exports of U.S. farm, industrial and construction equipment. The third-quarter decline in spending for information processing equipment, much of which is exported, was the largest in seven years.
On Wednesday the Fed continued trying to counter that risk by cutting the fed-funds rate for the third time this year to between 1.5% and 1.75%. With inflation at about 1.7%, this means the Fed is underwriting negative real interest rates even with the economy growing 2% and the jobless rate at an historic low of 3.5%. This is not tight policy.
The larger point is that monetary policy can’t make up for bad macroeconomic decisions......
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Interesting facts - Total US Debt Average Annual Federal Interest Expense by POTUS, average rate for all outstanding debt
Trump - $518.715 billion/2.24%
Obama - $411.600 billion/2.66%
Bush - $371.389 billion/$4.932
Clinton - $337.534 billion/unavailable
Adam Smith’s Revenge - Trade damage takes the economy down to Obama growth levels.
"The great counterfactual of the Trump Presidency is how much faster the economy would be growing without the damage of his trade protectionism. Wednesday’s report of lackluster 1.9% growth in the third quarter shows again that you can’t escape Adam Smith’s revenge for indulging in bad economic policy for political goals.
The economy continued to grow despite overwrought recession fears as consumer spending provided nearly all of the growth in GDP. This is the second quarter in a row when the mighty consumer had to offset falling business investment to produce positive growth. Government spending kicked in a modest 0.35-point of the 1.9% growth, offsetting declines in net exports (minus-0.08) and gross private investment (minus-0.27).
The strong evidence is that trade policy is the main growth culprit. U.S. manufacturing has slumped, which is related to slowing exports. Slower growth in China from the trade war has reduced the exports of U.S. farm, industrial and construction equipment. The third-quarter decline in spending for information processing equipment, much of which is exported, was the largest in seven years.
On Wednesday the Fed continued trying to counter that risk by cutting the fed-funds rate for the third time this year to between 1.5% and 1.75%. With inflation at about 1.7%, this means the Fed is underwriting negative real interest rates even with the economy growing 2% and the jobless rate at an historic low of 3.5%. This is not tight policy.
The larger point is that monetary policy can’t make up for bad macroeconomic decisions......
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Interesting facts - Total US Debt Average Annual Federal Interest Expense by POTUS, average rate for all outstanding debt
Trump - $518.715 billion/2.24%
Obama - $411.600 billion/2.66%
Bush - $371.389 billion/$4.932
Clinton - $337.534 billion/unavailable
- Jim Malone
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Re: The Nation's Financial Condition
The parent, not the coach.
- ChairmanOfTheBoard
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Re: The Nation's Financial Condition
https://www.vox.com/2019/11/1/20942587/ ... -explained
Warren proposes a financial transactions tax of 0.1 percent of the value of every stock, bond, or derivatives transaction. That raises $800 billion. Then she adds a “systemic risk fee” on financial institutions with more than $50 billion in assets. That’s another $100 billion.
Warren adds another $2.9 trillion in corporate taxes by ending accelerated cost recovery and imposing a 35 percent minimum tax on foreign earnings.
Prior to this plan, Warren’s wealth tax was 2 percent on assets over $50 million and 3 percent on assets over $1 billion. Sorry billionaires — now it’s 6 percent, which raises another $1 trillion. Warren also proposes taxing capital gains for the top 1 percent at the same rate as normal income, and doing so on an annual basis, rather than just when the sale is made. That raises $2 trillion.
There are 29,413,039 corporations in America; but only one Chairman of the Board.