Your headline is about access to employer-sponsored 401(k)s. Not investing. Big difference. Yes, there is a significant portion of people who don't invest. Some out of idiocy. Some out of lack of funds. But neither of these populations constitute a majority. Those people are going to hurt in any economy.How is that helping the 50% of this state which rents and doesn't have a 401(k)?
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He deserves a lot of the blame for the COVID response and lockdowns which necessitated stimulus, but he doesn't control the Fed which now does little more than backstop what Congress spends and tries to control inflation with interest rates. We have to get our spending under control.
The majority of Americans have benefitted from the recent boom.