Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (2819)	7/20/1997 4:27:00 PM
From: Mike Fredericks	of 94695

Talking about 401(k) plans: >> The money just comes out of 100 million paychecks every week Out of curiosity, do you have any stats showing how many US citizens have 401 (k) accounts that are being contributed to on a monthly basis (or more frequently)? I made this same comment to my dad the other day and he said that 401(k)'s are only for the white collar folks... most people don't have them. I vaguely remember reading somewhere on SI that corporate repurchase of stocks accounts for more $ flowing into market than 401(k) contributions... I could be completely wrong because I don't remember the cite for that... -Mike

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