That was decades ago, and I suspect nobody in Congress knew just how fundamentally they were going to change how Americans save for retirement. There are right now more than $12 trillion in 401k accounts. It's massive. And there will be in just a couple of years, trillions of dollars in Trump accounts as well. The volume of it is massive. (11:23–11:30)
CLAIM
Asserts that the total value of 401k accounts in the U.S. exceeds $12 trillion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
