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> Corporations have largely shunted the responsibility for retirement savings onto individual workers. Now said workers have no pensions and have uncertain reti
by gred 8y ago
> Corporations have largely shunted the responsibility for retirement savings onto individual workers. Now said workers have no pensions and have uncertain retirements. Instead of asking why they have no pensions they seek to equalize status by falsely believing we can't afford any sort of pension.
Aren't you ignoring Social Security? For example, average Social Security monthly payments appear to be around $1400/month [1]. Spain, as an example of a high-tax, cradle-to-grave care system, provides pensions that appear to average a little under 800 euros/month ($940/month) [2]. And that's ignoring all of the Roth and 401(k) extras available out there. Am I missing something?
[1] https://www.investopedia.com/ask/answers/102814/what-maximum-i-can-receive-my-social-security-retirement-benefit.asp https://www.investopedia.com/ask/answers/102814/what-maximum...
[2] https://www.20minutos.es/noticia/3287811/0/cuanto-cobra-media-pensionista-espana/ https://www.20minutos.es/noticia/3287811/0/cuanto-cobra-medi...