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> what happened to the rest of us Most of the private economy switched to individual retirement accounts (401Ks/IRAs) so that you don't have to depend on the a
by harryh 11y ago
> what happened to the rest of us
Most of the private economy switched to individual retirement accounts (401Ks/IRAs) so that you don't have to depend on the ability of a private company that may or may not exists 40 years from now (when you retire) and you can instead depend on yourself.
Save some money. It's simple. You'll be fine.
- Frondo 11y ago"Same some money. It's simple." Except, it obviously isn't working out in practice. People can't save enough, and it's not just down to a personal failing--it's systemic. People can't save enough because our wages have been separated from our productivity--and kept down--for the last four decades. That's bigger than the individualistic "every man for himself" type of advice that "save some money" sounds like. Besides, the realistic view suggests that something bigger is wrong, and something better should be done, when simplistic advice like that isn't working.
- harryh 11y agoI wasn't talking about "people". I was talking about you. Personally. Frondo.
- jbuzbee 11y ago"People can't save enough" Saving has not been a problem for me and my family. Of course, I've forgone many purchases that others consider essential and we always look for bargains, use coupons, never carry a credit-card balance, etc. And if I feel my wage has "been separated from our productivity" I'm free to demand more or move on.