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The market can be pretty irrational but the 401k system means it can't fail. That system ensures it'll always have new dumb money poured into it. We'll bail i
by jayd16 6y ago
The market can be pretty irrational but the 401k system means it can't fail. That system ensures it'll always have new dumb money poured into it. We'll bail it out one way or another because the middle class is tied to it.
What an odd system, indeed.
- tootahe45 6y agoJust be glad the US has a relatively strong saving scheme like the 401k, without it everybody puts their money into real-estate. It has been happening in my country and has been going on for decades, causing house costs vs income to be way out of whack compared to US.