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Show IRA: Boost Market; By EDWARD THORLUND Did the more liberal IRA allowance which took effect this past tax year delay consumer con-sumer spending and, instead, boost the stock market? IF WHAT some analysts believe be-lieve is the right statistical evidence-that of the fifty billions going into new, enlarged IRA accounts annually, forty billion bil-lion are going into stocks, one can see how the new IRA law fueled the market's advance. It may have been that consumer con-sumer buying and general spending would have picked up earlier had not so many tax payers been putting their savings sav-ings from lower taxes into IRA's. THE LIMIT went up for the past tax year to $4,000 for mar-ried mar-ried couples-from under $2 000. That absorbed much money which might well have gone into consumer spending, obviously. And that might be one of the reasons why the stock market began its recovery seven or eight months ago, about six months ahead of the now-recognized now-recognized turn-around for the economy in general. THE SIGNIFICANCE of the new situation pens: than the tax ye, er:for ,hS4oJ' 'nto stocks will J-continue J-continue to E0 1 tv-' which for lo . potem.alarealw to savers. ' s mea"s that i market might rea 0 1 pect. in the nextfe1 least, that the money being ChanB stocks will tend J market for growth-' THOSE IN SUcu KtechnoC, be the wayofthc |