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Well, in practice, most people don't have the proper education to invest well for their own retirement, so they end up doing it poorly or not at all, and then e
by mushufasa 5y ago
Well, in practice, most people don't have the proper education to invest well for their own retirement, so they end up doing it poorly or not at all, and then end up in bad situations. In many other developed countries, like a lot of European countries, pensions are even more common than the USA. You can say it is paternalistic, but it also takes away the freedom for people to shoot themselves in the foot.
- lotsofpulp 5y agoIt does not take much education with the availability of target date retirement funds these days. Also, plenty of governments have shot their populations in the foot on behalf of the people anyway by underfunding and corruptly or idiotically investing pension funds.
- jdavis703 5y agoGovernment workers aren’t poorly educated though. And workplaces are allowed to set default and auto-increasing contributions to make up for poor financial literacy.
- theduder99 5y agolets ban alcohol to take away the freedom of people to commit duis