> The situation has changed with the advent of near zero cost index funds and target date retirement funds. Again, this assumes that people will actually inves

> The situation has changed with the advent of near zero cost index funds and target date retirement funds. Again, this assumes that people will actually invest. Which plenty of people do not do. For a large portion of they never bother setting anything up. As someone who participates in /r/PersonalFinanceCanada a lot, the number of posts that say something like "my parents are 60 and have nothing saved" is quite tragic. There are books written on folks who have only started late in the game: * https://www.moneysense.ca/save/retirement/procrastinating-on-saving-for-retirement-theres-still-hope/ https://www.moneysense.ca/save/retirement/procrastinating-on... The problem is not technical in nature on the products one should buy, but behaviour on actually buying anything (even if it's a shitty mutual fund with a MER of 2%). Getting people saving something, anything is the problem. Forced savings are a good thing for a very, very large portion of the population.