Thinking about the Ayn Rand novel "Atlas Shrugged," I found myself wondering if we 401(k) investors are propping up Wall Street. Are we to be the unsung heroes of an economic turnabout? Do American workers and taxpayers effectively own Corporate America? What happens if we decide to shrug?
If the stock market, depending on the month, has a total value of somewhere between $10 and $20 trillion, how much of that value is attributable to the steady march of 401(k) contributions and all the 401(k) money that has subsequently been rolled into IRA accounts?