03-14-2020, 03:24 PM
(03-14-2020, 11:36 AM)NATI BENGALS Wrote: No I'm all about the match. It was a major factor on my last job search. Still doesn't change the fact my 401k is basically like bringing my money to the casino and risking it all. You can lose it all. Think of the match like a casino comp. Thanks for playing.
When the bottom 50% of people own less than 1% of the wealth and we continue to see machines and automation take low skill low wage and good earning middle class jobs... People working, fighting, and scraping to get by their whole lives to have a decent retirement shouldn't have to worry about having a retirement income that can be wiped out at the drop of a random animal carcass in a distant Chinese market. There has to be more security than that.
Yep. We're going to learn a lot about this when the boomers pass on and subsequent generations enter their retirement years with zero real retirement outside of maybe a 401K. The numbers of people who are too old to work and don't have enough to get by will skyrocket.
