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Fact of the Week

Fact of the Week

President Bush is trying again to convince Americans that is is wise to give up some guaranteed Social Security benefits in exchange for control over the respective investments. By his math, investing in stocks would yield much higher benefits than are currently available.

When Americans do have substantial control over retirement savings, they do not put their investments in the stock market. From the end of 1994 to the end of 2000, the average 401(k) account increased by 55.1%, from $31,700 to $49,160. Over the same period, the S&P 500 index increased 287.5%. But if Americans are cautious with their retirement savings, they have reason: in 2001, most stock investments lost money.

Source: National Defined Contribution Council.

Our Picks for Links of the Week: 3 March 2002

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