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Is the Mattress a Good Place for Money?

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Publication Date: September 2009

Publisher(s): National Center for Policy Analysis (U.S.)

Author(s): Pamela Villarreal

Funder(s): National Center for Policy Analysis

Funder(s): National Center for Policy Analysis

Series: BA677

Topic: Economics (Economic conditions)

Keywords: stock market

Type: Brief

Coverage: United States


In fall 2008, the stock market suffered a severe decline. Fear prompted a number of individuals to suspend contributions to their 401(k) retirement accounts. They reasoned that holding the money and having it retain its face value was preferable to putting it in a money-losing investment. Even employees who were invested in bonds, rather than equities, stopped contributing. Some companies temporarily suspended their matching contributions.