General Discussion
In reply to the discussion: When a Trump cultist points to the stock market [View all]Major Nikon
(36,818 posts)I've had a 401K for 30 years and have worked a number of jobs that offered 401Ks. They are discussed often and I've never heard anyone concern themselves with the point value of the index and the percent increase from year to year is the most often discussed subject and the one that sticks in people's mind. I couldn't tell you the dollar figure my account rose in any given year. I can tell you in the 90s there were several years that had > 25% gains and almost no years that had loss percentages.
Even if I were to imagine someone who is only concerned with a dollar increase year to year, it stands to reason they would intuitively tie this to a percentage. A $6,000 return on a $1M investment is paltry by any measure. If your investment is $20K it's huge.