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    • Member Info
      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • South Korea

    • Join Date: Jun 2007
    • Posts: 1,271
    #1

    101(k)s

    Is there any special meaning in "101(k)s" in the following? I know what 401k is.

    Many people, seeing their lifetime savings shrinking so rapidly in the violence of a bear market that seemed to have no end, decided to pull some money out of the market before it was all lost. Gallows humor about 401(k)s turning into 101(k)s couldn't mask the psychological and financial devastation tens of millions of people experienced.

    Thank you.

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Apr 2009
    • Posts: 12,307
    #2

    Re: 101(k)s

    I think it's just morbid humor about the value of the 401(k) decreasing dramatically. 101 is about a quarter of 401.

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