Rethinking The Dollar: Average 401(k) Down 25% In 2022 & US Pensions Face An Even Bigger Crisis | TPTS

  • Thursday, 20 October 2022 02:33
The average person’s 401(k) has lost some $34,000 in value since the start of the year, new economic research found. The average #401k had more than $135,000 at the start of this year, those assets have since shrunk on average to about $101,000. That is about a 25% decline. According to the Federal Reserve, U.S. defined-benefit #pensionplans have (and owe) a total of about $17 trillion. The U.S. isn’t facing the kind of immediate pension panic that just rocked the U.K., our long-term #pensioncrisis is much bigger. Full list of articles discussed in this RTD Live Talk: 00:00 Introduction 08:10 Dow Slips as Rising Treasury Yields Weigh 11:31 Average 401(k) down $34,000 this year as markets struggle: Research 13:55 This U.S. pension plan faces a bigger crisis than the U.K.'s 15:57 How the surging U.S. dollar is making it almost impossible to afford anything in countries around the world Thanks for watching this RTD Live Talk. Subscribe & click the ? icon to be notified of future video uploads. Join us for the next live on-air, and bring a topic. ✅ The 4Patriots 3-month emergency food kit will help you get your calories up and ensure that you never go without food in case of emergencies. https://www.4patriots.com/rtd ✅ BullionMax offers a limited-time promotion to help you get your weight up. While supplies last, buy 5 ounces of silver at a discounted price. http://bullionmax.com/rtd ✅ Staying plugged in with the dollar's demise has never been easier. Connect with RTD to stay in the mix ? https://www.rtd.news DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment. #retirement #retirementplanning #economy #investing #dollar #money #news #livestream #financialfreedom #financialliteracy #moneyheist #recession

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