BETA
Chapter 1
The golden age of pensions
Chapter 2
The accidental loophole
Chapter 3
The great retirement shift
Chapter 4
The global retirement landscape
YOUR GOAL
Master of How the 401k took over
Ch 3 · The great retirement shift
marcus 401(k) Replaced Pensions
Back in the day, companies paid your way, Now your 401(k) is how you save today!
marcus Falling union membership in the late 20th century weakened the defense of traditional pension plans.
marcus The growth of 401(k) plans fueled a massive boom in the mutual fund and stock market industries.
Fun Fact
Trillions in savings: By 2023, total assets held in US 401(k) plans grew to over seven trillion dollars, representing a massive portion of all global stock market investments.
Quiz
Which major mutual fund companies grew rapidly by providing investment options for corporate 401(k) plans?
Quiz
What trend in labor union membership during the late 20th century contributed to the decline of traditional pensions?
Quiz
In 1983, about 20% of American workers belonged to a union. What was this figure by 2020?