Lost 401(k) accounts and pensions: How lawmakers want to fix the problem

[Northeast Agent]

https://www.cnbc.com/2021/06/14/los...nsions-lawmakers-want-to-fix-the-problem.html

• More than 16 million accounts of $5,000 or less — $8.5 billion in the aggregate — were left in workplace plans from 2004 through 2013.
• The Pension Benefit Guaranty Corp. already provides help to people whose plans — pensions or 401(k) accounts — have terminated but has no information on accounts or benefits tied to plans that remain in existence.
• A legislative proposal aims to help connect individuals with lost accounts through a national “lost and found” database.

 

[marindependent]

Great article - thanks for the share.

 

[Travis Price]

To be completely fair, the monetary supply has increased from 15.33 trillion in 2019 to 20.3 trillion at the end of May 2021. That's only a 32% increase in total (2020 was 20+%)

I mean, the stock market ain't keeping up with that. That money is significantly degraded already (if you use actual inflation vs the 5% in CPI.)