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Tech Is Taking Over Our Lives, And Our 401(k) Accounts

FYI: As technology takes over more of people’s daily lives, it’s also taking over ever-bigger chunks of their retirement accounts.

Surging prices for technology stocks around the world mean the industry is making up a larger proportion of global markets. In the United States, Apple, Google’s parent company and other tech companies account for nearly 24 percent of the Standard & Poor’s 500 index. A decade ago, they made up less than 17 percent of S&P 500 index funds. The makeover is even more dramatic overseas, where ascendant companies like China’s Tencent and Alibaba have quickly stormed into the ranks of the world’s largest.


  • You could have written that headline 20 years ago...

    That said, tech is -- and will --put severe financial pressures on many industries -- displacing (or buying or replacing) them.

    (Physical-) travel agents? (Mostly - )Long gone.
    Retail? Check.
    Pay/cable TV? -- Amazon prime, Netflix, and (soon-) streaming Disney/Fox content direct.

    Many others too. Glad I will be out of the workforce soon. The "AI job-pocalypse" is coming...
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