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The Great 401(k) Hoax
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Updated on 03/08/09 by Chris

Tags:  shame  401k  stock  return  savings By: Cathlin Baker and Paul Chapman, The Employment Project, April, 2002. Quote: It was a triumph of marketing. Wall Street worked hard, and for a long time successfully, to convince the American family that stock certificates, a currency they never really saw, were the only assurance of long-term financial and therefore family stability. It was, as we have seen, a deeply flawed message. End Quote.