It should. If a 401k is used to purchase common stocks, there’s no reason for the market to differentiate that it’s held by a retirement plan (at least to the best of my knowledge). Even 401k target-date funds are just mutual funds or ETFs, comprised of common stocks. I’d wager a large portion of the 7% not held by the Do Nothing class is from 401Ks and IRAs.
does that include 401ks?
Don’t think it does, roughly half the population still has some retirement savings according to this https://usafacts.org/data-projects/retirement-savings
That’s probably how most of the 50% have any stock.
It should. If a 401k is used to purchase common stocks, there’s no reason for the market to differentiate that it’s held by a retirement plan (at least to the best of my knowledge). Even 401k target-date funds are just mutual funds or ETFs, comprised of common stocks. I’d wager a large portion of the 7% not held by the Do Nothing class is from 401Ks and IRAs.