Council of Economic Advisers estimates $35B boost from opening 401(k)s to private markets
Crypto Briefing
The CEA projects that allowing 401(k) investors to access private markets could generate $35 billion in annual U.S. GDP growth.Summary
The White House Council of Economic Advisers (CEA) projects that enabling 401(k) investors to allocate assets into private equity and alternative investments could boost U.S. GDP by $35 billion annually. This initiative follows an executive order by President Trump and a subsequent Department of Labor proposal creating a safe harbor for plan fiduciaries. While proponents see a massive opportunity for capital deployment, critics—including the Economic Policy Institute—warn that the illiquid and volatile nature of these assets poses significant risks to retirement savings, particularly for those nearing withdrawal age.
(Source：Crypto Briefing)