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. And one of the things that's a real accelerant is, you know, most big employers match 401k contributions. (11:32–11:38)
CLAIM
Predicts that Trump accounts will hold trillions of dollars in a few years.
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