Americans Have 401(k)s, Not Cash 'Lying Around To Buy Stocks,' Says An Investor. Exposure To The Market Doesn't Mean They Can Buy The Dip

“A ample swath of Americans DO person wealth successful the banal marketplace via 401(k)s,” the station read. “What they DO NOT person is simply a heap of currency lying astir to bargain stocks. Just stop. This is decimating millions of Americans.”

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The archetypal post, which rapidly racked up implicit 13,000 upvotes and astir 3,000 comments, criticized some online commentators and authorities officials for promoting the thought that falling banal prices correspond an accidental for mean investors. Treasury and Commerce officials were singled retired for comments encouraging Americans to put much during the downturn.

The archetypal poster, who said helium moved astir of his holdings into currency earlier the marketplace crash, emphasized that helium was speaking for moving Americans who don't person that luxury. “They are trying to wage the owe and the car,” helium wrote. “My constituent was, these folks are not rushing retired to bargain stocks similar the Treasury and Commerce secretaries person suggested. It's ridiculous.”

Many successful the thread echoed the sentiment, calling this downturn much than conscionable a marketplace correction. One idiosyncratic wrote, “Hence radical calling this a monolithic wealthiness transportation and consolidation.” Another added, “If you tin spend to clang the economy, you tin spend to nett disconnected the crash.”

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The vexation was compounded by the cognition that the radical who caused the clang won't endure the consequences. “The radical who clang the system hardly ever endure the brunt. Weird however that works out, huh?” 1 commenter posted.

Others pointed retired the dangers for those nearing retirement. “It’s a calamity for radical retiring soon,” 1 idiosyncratic said. “Too young to retire, excessively aged to find a job,” different added.

Some commenters noted that, technically, 401(k) investors are inactive buying the dip done automatic paycheck deductions. But others pushed back, saying that misses the bigger point.