Technology is taking over our lives and our 401(k)s

Technology is taking over our lives and our 401(k)s

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…

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