On January 6, 2015, Warren S. Hersch writes on LifeHealthPro:
Retirement assets accounted for 36 percent of U.S. household financial assets at the close of Q3 2014.
U.S. retirement assets reached $24.2 trillion at the close of the 3rdquarter of 2014, a total unchanged from the end of the second quarter, according to new research.
The Investment Company Institute discloses this finding in a tabulation of financial data from ICI and other sources. They include the Federal Reserve Board, Department of Labor, National Association of Government Defined Contribution Administrators, American Council of Life Insurers and Internal Revenue Service Statistics of Income Division.
As my college at the Center for Economic and Social Justice (www.cesj.org) says: “As bean counters continue to count the beans. Some among us are counting the possibilities of a way to double that $24.2 trillion in less than 8 years (with real productive assets of growth). Capital Homesteading for every child, woman, and man – citizen.
“Teach them to fish!”