Re:United States loses AAA credit rating from S&P
by zg on Saturday August 06, 2011 @03:46PM
(#2854729)
Retirement accounts aren't usually held entirely in cash except very near the end. For younger people the bulk would be invested in equity i.e. funding businesses and thus being fed back into the economy.
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Re:United States loses AAA credit rating from S&P
by bubbleRefuge on Sunday August 07, 2011 @12:11PM
(#2856914)
Its money taken out of circulation that could have otherwise been spend on consumption. Buying IBM stock in my IRA doesn't do much for the economy compared to taking the same funds and buying an IPAD or 100 happy meals.