👰 “r/bride” — Reddit’s wedding surge. 401k “Modest Millionaires”. Farmer’s $12B bailout. +Pickle pop.

Summary

Podcast Summary: The Best One Yet — 👰 “r/bride” — Reddit’s wedding surge. 401k “Modest Millionaires”. Farmer’s $12B bailout. +Pickle pop.

Date: December 10, 2025
Hosts: Jack Crivici-Kramer & Nick Martell

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Episode Overview

In this lively, 20-minute business news episode, Jack and Nick break down three hot stories shaping the day:

1. Reddit’s unexpected dominance in the world of wedding planning
2. The paradox of the U.S. farming bailout as China’s trade booms
3. The rise of the “modest millionaire” through viral 401ks

The show also tackles America’s pickle-flavored obsession, shares the latest economic headlines, and delivers the T Boy signature: tangy takes, cheeky banter, and actionable takeaways.

---

Quick Flavor Trend: The American Pickle Pop

[01:13–02:38]

• Discussion: America is experiencing a “pickle pop”—a brine-fueled flavor frenzy led by millennials’ gut health obsession and Gen Z’s viral food dares.
  • $12 billion is spent on pickles annually.
  • 30% of U.S. restaurant menus now feature pickles as more than a condiment (appetizer, cocktails, etc.).
  • Online engagement surges:
    • Yelp: +32% searches for “pickle restaurant”
    • “Pickle martini” searches: up 600%
    • “Pickle store”: up 7,000% in five years
  • Brands and chains are hopping on:
    • Popeyes launches a pickle-themed menu.
    • McDonald’s drops a Grinch-themed Pickle Happy Meal.
    • Whole Foods’ Hot Girl Pickles is trending.
• Notable Quotes:
  • “We’re in the middle of an unprecedented pickle pop, a brine boom, a fermentation frenzy.” — Jack [01:24]
  • “It’s a big dil, Jack. It’s a big deal.” — Nick [02:38]

---

Story 1: Reddit’s Wedding Forum Goes Viral

[04:58–09:34]

• Reddit stock jumps: Up 5x since its IPO 18 months ago, with a 45% increase just this year.

• Why Reddit? The r/wedding subreddit, started in 2008 (before Pinterest, before Insta), went viral this year due to users seeking anonymous advice on deeply personal wedding decisions.

  • Example: NYT reporter crowdsourced between two gowns; got 200,000 reviews.
  • Reddit’s anonymity leads to candid feedback—sometimes humorously blunt.
    • "She ended up going with wedding dress number two because one Redditor called the first wedding dress option, quote unquote, 'fugly.'" — Jack [05:42]

• Explosive stats:

  • r/wedding grew to 471 million views this year (+6x YoY), with posts/comments quadrupling.
  • DIY wedding: tripled.
  • bigbudgetbrides: quadrupled.
  • weddingplanning: 263 million views.
  • 30% of the wedding community is men—more balanced than Pinterest.

• Why the boom?

  • "One theory: AI chatbots are sending traffic back to Reddit... because Reddit licenses its content for tools like ChatGPT." — Jack [07:30]

• Advice shared: Saving money (DIY decor, Costco cakes) and splurging (champagne ATMs).

• Takeaway:

  • Reddit's “superpower is also Spider Man’s: It wears a mask.”
  • Anonymity creates a space for real honesty and intimacy.
    • “On the rest of the internet, anonymity breeds cruelty… but on Reddit, probably because of the moderators… anonymity fosters honesty.” — Jack [09:15]

---

Story 2: U.S. Farm Bailout vs. China’s Trade Surge

[09:34–13:40]

• Backdrop:

  • Trump administration provides a $12B soybean bailout after China, in a trade war move, stopped buying American soybeans. China now gets soybeans from Argentina (which recently received a U.S. bailout, ironically).
  • Echoes a 2018 episode; history repeats.

• The Paradox:

  • While the U.S. “broke up” trade with China, China replaced U.S. trade globally:

    • All South American countries except Colombia now have China as their top trade partner.
    • China’s exports to Asia up 14% and to Africa up 25%.
    • EU purchases from China rose 8% this year.
    • Only the U.S. is buying less (-19%).

  • Hero Stat:

    • “China's trade surplus will be $1 trillion this year.” — Jack [12:08]
    • First time a modern country has exported $1 trillion more than it imported.

• Takeaway:

  • “The U.S. tried to isolate China. Instead, we’ve isolated ourselves.” — Nick [11:53]
  • China’s secret weapon is decisiveness—these 5-year plans allow strategic economic shifts.
  • The U.S., in contrast, is hampered by political swings, flipping between isolationism and multilateralism.
    • “China’s biggest advantage over America is its decisiveness.” — Nick [13:40]

---

Story 3: How 401ks Mint Modest Millionaires

[15:53–20:20]

• Viral Retirement Wealth:

  • 1,000 new 401k millionaires are minted daily.
  • The average American is saving 14.3% (employee + employer match) in retirement accounts—a record.
  • Fidelity: 654,000 millionaires (population of Boston).
  • T. Rowe Price: number of millionaires doubled in 3 years.
  • Only 3% of 401ks hold $1M+ (so most have less—“moderate millionaires”).

• Takeaway & Three Keys:

  • “Modest millionaires”—people with $1M+ but don’t necessarily feel rich due to rising living costs. — Nick [18:21]
  • Three keys to 401k wealth:
    1. Auto-contribute: Defer part of every paycheck (often ~7.7%), plus get the employer match if available.
    2. Play the long game: Stay invested for 20+ years. “Set it and forget it.”
    3. Be aggressive: Go for stock-heavy portfolios when young.
       • "For Americans in their late 30s, 88% of 401 balances are in equities." — Jack [19:26]
       • Diversified aggressive options are growth engines for the long term.
  • Cautions: This advice is for long-time-horizon investors, not those near retirement.

---

Quick Headlines & Bonus Facts

[20:24–22:03]

• Fed Watch: 96% chance of an interest rate cut expected today.
• Ice Cream IPO: Unilever’s ice cream division (Magnum, Ben & Jerry’s) now trades as a $9B public pure-play.
• Tech Law: Australia bans social media for kids under 16. One of the world’s first nationwide bans.

---

Memorable Moments & Quotes

• “Reddit’s superpower is also Spider Man’s. It wears a mask.” — Jack [08:23]
• “We’re experiencing a pickle pop as we described earlier in the broader economy.” — Jack [22:18]
• “The U.S. tried to isolate China. Instead, we’ve isolated ourselves.” — Nick [11:53]
• “Be aggressive. Be aggressive.” — Jack [19:08]
• “Modest millionaires, but millionaires nonetheless.” — Nick [20:56]

---

Timestamps for Key Segments

| Segment | Timestamp | |---------------------------------------------|-------------| | Pickle Pop Trend | 01:13–02:38 | | Reddit’s Wedding Community | 04:58–09:34 | | U.S. Farmer Bailout & China Trade Paradox | 09:34–13:40 | | The 401k Modest Millionaires | 15:53–20:20 | | Quick Headlines | 20:24–22:03 |

---

Tone & Style

Consistent with The Best One Yet’s playful-yet-informative, pop-biz flavor. Jack and Nick’s signature banter, analogies, zippy facts, and meme-worthy one-liners keep even complex economic trends accessible and relatable.

---

Conclusion

This episode spotlights Reddit’s growing real-world impact on wedding planning—thanks to candid (sometimes brutal) anonymous advice—underscored by a stock surge. Simultaneously, America’s farming pain is juxtaposed with China’s blooming global trade roots, highlighting the value of strategic decisiveness. Finally, we learn how auto-pilot investment and aggressive long-term stock plays are creating a new, not-so-flashy class of millionaires—one paycheck at a time.

---

For more, visit the hosts at tboypod.com or catch up on your favorite podcast platform.

Transcript

[A]

This is Nick, this is Jack. It's Wednesday. CEVICHE Wednesday, December 10th. And today's pod is the best one yet. This is a T boy.

[B]

The top three pop business news stories you need to know today.

[A]

Jack. Checking the calendars here, we got a two week warning until Christmas Eve today.

[B]

I'm watching my watch list here, Nick. I've watched Home Alone and Elf. This weekend I got Home Alone two and the Family Stone. We're about halfway through the holiday season.

[A]

So I noticed Hallmark wasn't on the list. Jack. But that's a story for another pod yet. Ladies, that's your warning. And these are your three fantastic stories for today's T boy.

[B]

For our first story, the new go to source for wedding planning. It isn't Pinterest, it's Reddit.

[A]

Reddit and the subreddit on weddings explains why this stock has quintupled in just 18 months.

[B]

For our second story, farmers are getting a $12 billion soybean bailout while China's trade is at all time highs.

[A]

Besties. This is the trade war paradox. And Jack and I will explain it all.

[B]

And our third and final story, a record number of Americans are now millionaires, most of thanks to their 401ks.

[A]

So we'll share our three step advice on how to become a 401k millionaire.

[B]

But Yetis before we hit that wonderful mix of stories.

[A]

I mean, what a mix of stories. Love the mix of stories.

[B]

Jack, are you tasting more sour lately?

[A]

Yeah, because the data shows the fastest growing flavor in America right now is pickle.

[B]

That's right. We're in the middle of a unprecedented pickle pop, a brine boom, a fermentation frenzy.

[A]

Get this. Americans buy $12 billion worth of pickles single year. Jack, can you sprinkle on some context?

[B]

That's one lift. It is because pickles are now on 30% of America's restaurant menus.

[A]

Yeah, the pickle's been promoted from condiment to appetizer.

[B]

According to Yelp, searches for pickle restaurant are up 32% so far this year.

[A]

Jack, we need a pure play pickle chain out there.

[B]

Searches for pickle martini are up 600%.

[A]

Hey bartender, make it extra, extra dirty.

[B]

Even searches for pickle store are up 7,000% in five years.

[A]

Jack, pickle store isn't even a real thing. I don't know why you'd search for it yet.

[B]

So much untapped pickle demand in this country that Popeyes launched a whole pickle themed menu.

[A]

And McDonald's just dropped a grinch themed pickle Happy Meal and one of the.

[B]

Fastest growing brands at Whole Foods Market. It's called Hot Girl Pickles.

[A]

Yeah. Personal favorite. It's the Hot Girl Pickles.

[B]

Yes, millennials are obsessed with gut health, so this makes sense.

[A]

And yes, Gen Z likes provocative flavor combos that feel like a dare to your taste buds. And then they film it and post it on social media so it goes viral on TikTok.

[B]

Put it all together and we're in our pickle era.

[A]

It's a big dil, Jack. It's a big deal. Let's hit our three stories.

[C]

Fifteen years before this song, two boys from the northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet. But the best is the norm, Jack. Nick, that's it. I don't even think they need to practice. 50%. That's a fat tip. T Boy city on your atlas. If you know, you know. Cause we read to go. We can't wait no more.

[B]

So just start the show.

[A]

Start the show, Start the.

First, a quick word from our sponsor.

[B]

Now a quick break. Switching topics to one of our favorite sponsors, Vital proteins Yeties.

[A]

One of the three T Boy team goals next year is to grow huge on YouTube.

[B]

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[A]

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[A]

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[B]

Or old enough, Nick. I still remember you could give your MySpace page a soundtrack. Music started playing when someone visited the webpage.

[A]

Blink 182, the official music of young Jack. But bass use. If we built a website today, we'd use Framer because they focused on the small things.

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[A]

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For our first story Reddit stock has 5x since their IPO 18 months ago, and you can see why if you are wedding planning right now.

[B]

Because the subreddit on weddings went viral this year and the reason is Anonymous oh, besties.

[A]

It's not technically wedding season, but it is wedding planning season.

[B]

Yes, it is. So a New York Times reporter who's getting married posted the two options she's thinking about for wedding gowns on Reddit.

[A]

One of them's an A frame. One of them is more of like a princess puff on the shoulders, if you know what we mean. But Jack, what were the results of that post?

[B]

It got 200,000 reviews, 1600 comments. She ended up going with wedding dress number two because one Redditor called the first wedding dress option, quote unquote fugly.

[A]

Okay, personally disagree with that one, but we support the bride and her decision.

[B]

But the bigger story here is Reddit for wedding advice.

[A]

Reddit for weddings?

[B]

Is that a thing?

[A]

Besties. We're talking about Reddit here, an Internet repository for opinions and advice from strangers on anything.

[B]

The stock is up 45% this year, and it has 5xed since the Reddit IPO last summer.

[A]

But pause the pod, Jack. Is that because of nuptials? Millions of strangers weighing in on your most personal life decision?

[B]

Yes, it is, Nick.

[A]

Wow.

[B]

Weddings. They're the fastest growing subreddit in the community. Not in spite of anonymity because of it.

[A]

Besties. Let's jump in T boy style. Let's look at the subreddit R wedding, which was started in 2008, two years before Pinterest even launched.

[B]

Say yes to the Dress was only in its second TV season, and Instagram didn't even exist when this subreddit was created.

[A]

And yet in just the last year, that wedding subreddit has gone viral. Jack, what kind of numbers?

[B]

Views 6X'd this year to 471 million, and the number of posts and comments has quieted quadrupled.

[A]

Oh, and it's not just the subreddit on weddings in general. There is the subreddit DIY wedding, which has tripled in the last year.

[B]

Big budget brides has quadrupled and Wedding.

[A]

Planning now has 263 million views.

[B]

The advice ranges. It's a lot of how to stuff like how to save money when planning a wedding.

[A]

Mason jars make a wedding more affordable.

[B]

Or how to splurge if budget's not an object.

[A]

Yeah, there's a new thing called a champagne atm. Press a button and all your guests get a lot of champagne.

[B]

I didn't know Costco did wedding cakes until researching on revenue for this story.

[A]

And yes, it is a huge Costco wedding cake.

[B]

Now it's not totally clear why Reddit's wedding related volume has absolutely surged this year.

[A]

Yeah, one theory we've noticed is that AI chatbots are sending traffic back to Reddit.

[B]

After all, Reddit has a licensing deal to train ChatGPT with Reddit content.

[A]

So if you ask a chatbot a question about like the best best man speech that you can craft, what's going to happen?

[B]

The answer is probably sourced from some dude's Reddit post.

[A]

Okay, speaking of which, Jack, unl like Pinterest, it's grooms who are getting wedding advice on Reddit, not just the brides.

[B]

That's right, 30% of Reddit's wedding community is comprised of men.

[A]

Because dudes like Jack and I got opinions on flowers too.

[B]

Do I want white roses? Yeah, I want white roses.

[A]

Full disclosure, Jack, my biggest wedding regret is we didn't have more Icelandic poppies. Have you seen an Icelandic poppy? Have you seen an Icelandic poppy, my friend?

[B]

Have I? Yeah, I stole some from your wedding.

[A]

So, Jack, what's the takeaway for our buddies over at Reddit?

[B]

Reddit's superpower is also Spider Man's. It wears a mask.

[A]

Yes, there are a million places you can find info on the Internet, but they all come with a bias.

[B]

Instagram is too polished to be authentic. Google shows you paid ads and SEO optimized content.

[A]

Well, relative to those online resources, Reddit's anonymity has become its strongest asset.

[B]

Ironically, the fact that users are anonymous on Reddit drives some really intimate replies. And you can see that in the subreddit wedding.

[A]

The anonymity is why you're willing to put yourself out there and ask questions about your personal wedding plan.

[B]

And the fact that you're posting anonymously is why you're willing to say, my wife decided to do blank and it was a horrible idea. Do not do that.

[A]

We could have used more Icelandic poppies. Reddit, it isn't driven by algorithms, influencers, celebrities, or AI. It is driven by upvotes made by strangers on content posted by strangers.

[B]

On the rest of the Internet, anonymity breeds cruelty with trolls, but on Reddit, probably because of the moderators who can kick you out, anonymity fosters honesty.

[A]

So add it all up and just like Peter Parker and Spider man keeping his mask on to better save the world, so is Reddit.

For our second story, China's trade sector is all time highing as America's farmers need a bailout. This is a trade war paradox.

[B]

We basically broke up with China, but China is now hooking up with the.

[A]

Rest of the world. Yetis this summer, farmers in America's heartland lost their biggest customer.

[B]

Not Chipotle.

[A]

Nope.

[B]

China.

[A]

China. It was a trade war. Retaliation. China stopped buying our American good old fashioned soybeans.

[B]

So President Trump this week is paying farmers directly $12 billion.

[A]

It's a soybean bailout and he says that it's funded by the tariffs of the trade war.

[B]

Now, we should point out the same exact thing happened in 2018. China stopped buying American soybeans. So President Trump did a farmer bailout.

[A]

But Jack, I gotta ask. If China is not buying our good old fashioned American soybeans from Iowa, where is China getting their soybeans from these days?

[B]

Argentina.

[A]

Ah, Argentina. Now, besties, we're not sure if the edamame tastes different over there, but China is buying different beans either way.

[B]

And it's ironic that it's Argentina soybeans because we gave Argentina a $20 billion bailout earlier this year.

[A]

Jack, this is a pretty messy situation. M E S S I.

[B]

By the way, it's also part of a bigger trend.

[A]

Yes.

[B]

By the way, that's tr. That's your second pun joke of this podcast.

[A]

I want to point out three more and someone gets to press the cha ching button.

[B]

The bigger trend is that China is replacing US trade with other countries. Basically, China has moved on and is dating around.

[A]

Oh, and by the way, besties, China is glammed up for it. They just announced their best year ever in trade with the rest of the world.

[B]

China has been the trade war enemy number one, but its exports are actually up by 5% in 2025.

[A]

Every time America puts up a trade barrier, China just finds some other willing buyers.

[B]

Get this. Every South American country except Colombia has China as its number one trade partner.

[A]

Actually, Jack, get this. China's exports to Asia and Africa are up 14% and 25% compared to last year.

[B]

Even the European Union. Wow. Our historic ally who backs us on whatever foreign policy thing we're caring about right now has increased their Purchases from China by 8% this year.

[A]

Yet he's added all up. And only the United States is buying less from China this year. 19% less from China.

[B]

If the United States had collaborated with the rest of the world in confronting China, we could have isolated them to change the way that they trade to be more fair.

[A]

But instead, we declared a trade war against everyone. And it's looking more and more like we isolated ourselves.

[B]

We are the only country in the world buying less from China right now, and everyone else is just hanging out more with China.

[A]

Yeah, which leads to this wild hero stat. What is it, Jack?

[B]

China's trade surplus will be $1 trillion this year.

[A]

We repeat, for the first time since, like ancient Rome, a country has exported a trillion doll than they imported.

[B]

For the first time ever, Nick.

[A]

Ever.

[B]

The Romans didn't have trillion dollar numbers.

[A]

No, no, no, Julius Caesar. We know you're listening, but yeah, yeah, sorry, buddy.

[B]

So we're soft boycotting China, but the rest of the world is buying trillions of dollars more than they ever have from China.

[A]

They're hanging out at the party and they're playing a lot of fun music. So Jack, what's the takeaway for our buddies watching this trade war Paradox.

[B]

China's biggest strength is decisiveness.

[A]

Yetis, back in 2020, China's President Xi announced their strategic Five Year Plan.

[B]

It.

14Th Five Year Plan and it just ended. So let's look at the scorecard and see how they did.

[A]

Jack, the key part of this Chinese five year plan was shifting from low quality exports to high quality exports. And you know what? It's been a big success.

[B]

They're not just exporting cheap plastic toys and cheap furniture anymore. They have good cars, good computer chips, batteries and drones and a bunch of other high tech.

[A]

Meanwhile, in America, polarized politics have flipped us from Trump's fossil fuel isolationism to Biden's green multilateralism. And now back Trump's philosophy.

[B]

We're indecisive.

[A]

So, Yetis, the new data, it's showing that China's handling the trade war just fine. China has found plenty of new friends.

[B]

Not that we'd ever trade democracy for authoritarianism. Good point, Jack. But China's biggest advantage over America is its decisiveness.

[A]

Now a quick word from our sponsor.

[B]

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[A]

I just listened to a wild audiobook on my flight back to New York. Here's what it's called, Gods of New York.

[B]

It's about four men. The four men who ruled New York City the year that you were born.

[A]

Nick, I gotta give my parents credit. Jack New York in 1988 was insane. It was like mob bosses, gang fights, and all these subway cars covered in graffiti. It's like seeing how the city was run when my mom was, like, pregnant with me. I'm blown away by this whole new imagination.

[B]

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[A]

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[B]

Explore bestsellers, new releases, or find a wild story that takes you back to the year that your mom gave birth to you.

[A]

Yeah, last night while I was doing the dishes, Jack, I listened to a story about the abysmal late 1980s New York Yankees.

[B]

Yeah, I feel bad for your dad. At least the Giants were winning back then.

[A]

Besties. There is more to imagine when you listen.

[B]

Sign up for a free 30 day Audible trial. And your first audiobook is free, so visit audible.comtboy for the holidays, I'm hosting people every single weekend and I don't know any of them.

[A]

What is wrong with you, Nick?

[B]

They're actually paid customers. I'm hosting them at my chalet using Airbnb. I actually have two bookings lined up while I'm away, bringing in really good money for the holidays.

[A]

Oh, okay, I got it. Yeti Jack's been an Airbnb host for the last couple years. He's got a better rate than Santa.

[B]

I'll be at home for Christmas under the Christmas tree, but the day after, I'm heading south to visit the family. And while I'm gone, I'm hosting guests on Airbnb.

[A]

And with the revenue generated on Airbnb, Jack, you're probably booking massages for you and Alex.

[B]

It's an entire little side business. I have an income statement, Nick. It offsets my cost of travel and ensures I'm getting the most of the assets I own.

[A]

It's a write off.

[B]

All of my guests have been super respectful. Not only do I have a 5 star rating, I have given my guests 5 stars too.

[A]

So, besties, treat yourself with the trip and treat someone else with a stay.

[B]

Your home might be worth more than you think. Find out how [e-mail] host.

[A]

For our third and final story, 401ks are minting a generation of moderate millionaires. In fact, 1,000 millionaires are made every day from 401ks.

[B]

So here is our three step plan. To modest millions.

[A]

To make modest millions yet ease. Over the summer, Jack and I did a story that was financial advice. It actually got a whole lot of attention because it was kind of aggressive. Well, it was intense.

[B]

Forget your past.

[A]

Yeah. Forget your password.

[B]

It was some of our top stock investing advice. Set it and forget it. Put your money in the stock market and then don't look at your account again.

[A]

Yeah, because like, I literally forgot my 401k password from UBS a few years ago. And then I checked back in years later. $200,000 out of nowhere.

[B]

I had no idea. Good thing you didn't panic during a downturn in cell.

[A]

I still don't know the password.

[B]

Now, the reason for that story is that at the time, the United States had just set a 401k record.

[A]

Get this. The average American was saving 14.3% of their income to put into retirement accounts like 401ks.

[B]

Although that includes both the employee deferral and the company match.

[A]

And that was an all time high, baby.

[B]

The 401k started going viral. It was the Addison Rae of retirement accounts.

[A]

Oh, and it wasn't just the 401 IRAs HSAs. They started going viral too, last year.

[B]

Taking advantage of tax advantaged accounts.

[A]

Yeah, millennials. We were saving up like Nana down in Naples. And by the way, Jack, the Roth IR hashtag, it's got 800 million views right now.

[B]

But, Nick, there's new news too.

[A]

Yes, there is, baby.

[B]

401Ks are minting a generation of moderate millionaires. According to the Wall Street Journal.

[A]

That's right. The number of Americans with a million bucks or more in a 401k account is now at an all time high.

[B]

At fidelity, they have 654,000 401k millionaires.

[A]

That's the same as the population of Boston.

[B]

At T. Rowe Price, twice the number of their 401k millionaires has doubled in just the last three years.

[A]

That's hockey stick growth, baby.

[B]

Now, yetis, if your 401k does not have a million dollars in it, do not feel bad.

[A]

Do not feel bad. Let's sprinkle on more Context, Jack.

[B]

Only 3% of 401ks have a balance of a million dollars or more.

[A]

What we're saying is that the vast majority of retirement accounts are actually less than a million dollars. Despite this phenomenon, you're not popping bottles.

[B]

At the 401 Club yet.

[A]

Although our buddy Timmy is. Whether or not he has a million dollars in that 401k.

[B]

But those who are 401k millionaires are being called by The Wall Street Journal. Moderate millionaires.

[A]

Yeah, interesting distinction here. Moderate millionaires. Because with the high cost of living, even people with a million bucks aren't feeling rich right now.

[B]

Still, it's a good thing to have a million dollars in any bank account and to do it. There are three keys to get there.

[A]

And we whipped up all three. The first is to auto contribute.

[B]

The average employee in America defers 7.7% of their inc to their 401k.

[A]

And that might get matched by your employer to get to that 14% contribution. If not in your 401k, then do it in your IRA.

[B]

Second is to play the long game. Most 401k millionaires have been contributing consistently for 20 years. That's a lot of paychecks.

[A]

And do like Jack and I. Didn't forget your password. Trust us, it works out.

[B]

And the third key is our takeaway.

[A]

So, Jack, what's the third key to all our buddies trying to become 401k millionaires?

[B]

Be aggressive. Be aggressive.

[A]

Yetis this is financial advice. It's not for everyone, but it's how Jack and I have invested our 401s. So we wanted to share it with you.

[B]

We put all our 401k balance into the stock market, into stocks, which is the most aggressive investment choice that you have.

[A]

And you know what? Pasties? It ain't just us. For Americans in their late 30s, 88% of 401 balances are in equities. They're in stocks.

[B]

When we say aggressive, we mean stocks. They're the riskiest asset class, but they're also the ones that grow the most in the long term.

[A]

You see besties. When you get a 401k, you're typically given a menu of options of how aggressive you want to invest.

[B]

But all those options, even the most aggressive one, is diversified. So the most aggressive choice isn't that aggressive. You're not putting all your eggs in one basket.

[A]

So 88% of 401 s and equities. That's the highest percentage ever. Millennials aren't banking on bonds. We are set on stocks.

[B]

If you're approaching retirement, this advice isn't for you, right? Because you don't want to lose your money in a stock downturn and have to sell it a lot.

[A]

Good point, Jack. But if you're young, you know a downturn is a temporary dip. Stocks will recover and soar again in a year or two.

[B]

Auto contribute. Play the long game. And be aggressive.

[A]

Be aggressive.

Jack, could you whip up the takeaways for us for saviche Wednesday, Reddit stock.

[B]

Is surging as people flock to an algorithm. Free, uninfluenced advice from strangers.

[A]

And we can see the power of that anonymous intimacy in the Reddit wedding forums. Brides to be one, anonymity.

[B]

For our second story. As America bails out soybean farmers, China is boasting a record trade surplus.

[A]

China's econ advantage over America. It's decisive.

[B]

And our third and final story. Every single day, 1,000Americans become millionaires thanks to their growing 401ks.

[A]

They're the modest millionaires, but millionaires nonetheless.

[B]

Last but besties. This pod's not over yet. Here's what else you need to know today.

[A]

First, the Fed finishes its two day policy meeting today and is announcing their new interest rate policy.

[B]

According to prediction markets, there's a 96% chance of one interest rate cut by 0.25%.

[A]

But Jerry Powell, all we want for Christmas is lower mortgage rates.

[B]

Second, the biggest ice cream IPO in history just happened. Magnum is now publicly traded.

[A]

This is a pure play ice cream parlor stock, now worth 9 billion bucks.

[B]

Unilever's ice cream business has been split off and now it has its own stock trading on the market, which includes.

[A]

Magnum, Ben and Jerry's Talenti Breyers. They still haven't solved the drama with Ben and Jerry, by the way. That may be an ongoing risk for the company.

[B]

And finally, a wild new law that affects the whole tech industry. Australia has banned social media for kids.

[A]

That's right. There's a new Australian law that blocks kids under 16 from using Instagram, Snapchat, or any social media.

[B]

And it starts today.

[A]

Today.

[B]

It's one of the first ever national bans of technology to children. And we'll see how it affects the rest of the world.

[A]

Jack and I are gonna be following this all day as it goes live. Drop a comment if you want us to cover the story. Now, time for the best fact yet. This one whipped up by Jack, who wants to surprise me with a little bit on pickles.

[B]

So I know pickles is something you eat, but it's also like a term of phrase.

[A]

Good point, Jack. We're experiencing a pickle pop as we described earlier in the broader economy.

[B]

But that's not what I'm talking about. I'm saying like I'm in a bit of a pickle. Can you help me out?

[A]

Ah, the linguist pickle. Go on, go on.

[B]

So the phrase in a pickle, meaning in a difficult situation, is basically just because pickles are stored in Jars with brine and spices, which is a difficult situation to be in. Imagine if you're in a sealed jar with smelly liquid.

[A]

You can't get out of that, man.

[B]

It's a difficult situation. AKA a pickle. Oh, in the baseball term? Yeah, Jack, same concept.

[A]

Wait, what's the baseball term?

[B]

It's when a base runner is caught between two bases. That's a difficult situation.

[A]

Yeah, that would be a really big deal.

[B]

Hot girl, pickle.

[A]

Yetis, you look fantastic for ceviche Wednesday. And Jack and I have an idea for you. If you're still looking for a gift two weeks before Christmas Eve, get yourself a yeti bear.

[B]

It's our yeti dolls. It's a great toy. It's got a T boy shirt. They're adorable.

[A]

It's a Labubu dupe, basically. We call it our economic support animal. You can buy [e-mail] and if you.

[B]

Put that yeti doll in a jar with brine, then that doll's in a pickle.

[A]

If you know, you know.

And before we go, a happy birthday to yeti Noah Connor down in Denver, Colorado. The first birthday as a married man and you're looking fantastic, Noah.

[B]

Happy ninth birthday to Grayson sticks out in Duluth, Minnesota, who's been listening, get this, since the womb. We love you, Grayson. And we love you, Grayson's mom.

[A]

And a special shout out to the schmig children, Peter, Cecilia, Patrick and Francesca, who are always celebrating the rins and enjoying the pod in Mequon, Wisconsin.

[B]

They're 12, 10, 8 and 6 years old. What a legendary group of best ones yet.

[A]

Gotta love those round numbers.

[B]

This is Jack. I own stock of Reddit. And Nick and I both own stock of Triple Hole. Just like Superman kept his mask on to better save the world.

[A]

So is Reddit. I think you gotta say Spider Man. Cause Superman didn't wear a mask.

[B]

My bad.

If you like the best one yet, you can listen ad free right now by joining Wondery and the Wondery app or on Apple Podcasts.

[A]

Prime members can listen ad free on Amazon music. And before you go, tell us a.

[B]

Little bit about yourself by filling out a short [e-mail] survey.

[A]

We want to get to know you.