Word: investments
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Dates: during 1980-1989
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...lower prices; others will increase workers' salar ies; some will fatten their profits. Adroit managers will try to do all three. But there is no doubt about the net result: Americans will have more money in their pockets, and they will be able to find fresh ways to spend, invest and enjoy their newly recovered wealth, at least...
...panelists said that the flow of money out of debtor nations is one of the causes of their current financial troubles. One reason for the money drain is that "privileged elites" take these loans and re-invest them in the U.S. for personal profit, said Professor of Economics Jeffrey D. Sachs...
...unexpectedly become the most important new financial investment vehicle in decades. By giving consumers an incentive to save and invest, the IRA tax deferral has provided a huge influx of new business for banks, thrift institutions and Wall Street brokerage houses. The total amount put into IRAs as of April 15 will be about $240 billion; by 1990 that total is expected to reach $500 billion. Those figures include Keogh plans, an equivalent of the IRA designed for self-employed individuals...
Many people who were novice investors when they first started an IRA have become armchair financiers. Instead of consolidating their contributions in one safe place, many IRA holders shuttle their accounts from one investment to another as the economic winds change. Says Alfred Johnson, chief economist for the Investment Company Institute: "They no longer view IRAs as passive accounts that gather dust until retirement. IRAs have become aggressive investment tools. Consumers invest in them because they want to get rich." The fastest-growing new account is the self-directed variety, in which the customer can switch from, say, Treasury bonds...
...cost the Government about $13 billion in lost tax revenue this year. Moreover, some critics point out that the taxpayers who most often take advantage of IRAs are the ones who need it least: the middle and upper class. Low-income citizens seldom have the spare cash to invest. To the extent that the IRA program takes pressure off legislators to bolster Social Security payments, it may work against the interests of low-income citizens in the decades ahead...