4 ms·

I swear the broad adoption of 401k programs is one of the biggest crimes against the working class. So much risk for the owner of the money and tons of upside

I swear the broad adoption of 401k programs is one of the biggest crimes against the working class. So much risk for the owner of the money and tons of upside for all the supply chain servicing them.

sfblah 5y ago
The idea of people investing their retirement seems like a good one, but yes I'm afraid it winds up just being a scam. The worst part appears to be that the monetary authorities now can't allow recessions, because that would destroy people's ability to retire. So, you get a bloated economy where creative destruction isn't allowed to occur.
namdnay 5y ago
What risk? The 401k is for retirement planning, you're looking at 20+ years horizon, the risk on a global index fund is inexistant at that time scale