this post was submitted on 12 Mar 2025
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Link to archived tweet

https://archive.ph/6B0Pj

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[–] jaybone@lemmy.world 100 points 2 days ago (7 children)

All of everyone’s retirement accounts are invested in the market. So it’s not just those assholes who get fucked by this.

[–] red@sopuli.xyz 1 points 17 hours ago* (last edited 17 hours ago)

In the USA, not everywhere, luckily. It's as if the repercussions will hit you guys harder than the ones Trumpet is trying to blow at.

[–] baggachipz@sh.itjust.works 92 points 2 days ago (1 children)

In fact, those assholes will be fine. WE won’t.

[–] bountygiver@lemmy.ml 2 points 1 day ago

and the only way to turn it around is a lot of angry people with guillotines

Maybe it will force Americans to do something against that? If no one has any retirement, there's bound to be a lot of public outcry. There's nothing to lose if you have nothing.

[–] doingthestuff@lemy.lol 19 points 2 days ago

Lucky me, I don't have any retirement investments!

[–] driving_crooner@lemmy.eco.br 8 points 2 days ago (2 children)

How much of retirement accounts represent in % for the overall stock market?

[–] SupahRevs@lemmy.world 6 points 1 day ago

Assuming that all of the equities held by the bottom 99% are invested in retirement accounts, it would be 50.1% of the market. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:140;series:Corporate%20equities%20and%20mutual%20fund%20shares;demographic:networth;population:all;units:shares]

[–] suite403@lemmy.world 15 points 2 days ago

Not much, but the peecent of people who have their money in stocks for retirement is high.

I switched to cash last week.