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I would reckon minimum wage workers who have never been offered a company sponsored retirement plan or had enough to save for retirement at the end of the month
by rm_-rf_slash 4y ago
I would reckon minimum wage workers who have never been offered a company sponsored retirement plan or had enough to save for retirement at the end of the month, would not likely understand the mechanics of a system they can’t even participate in.
In other words, a lot of people.
- boringg 4y agoNo offense but I don't think it's minimum wage workers who are putting tons of money into the crypto market. And my argument about who doesn't understand 401k is to the demographic who invested in this specific asset class which likely isn't minimum wage workers.
- staticassertion 4y agoThe point is that people who participate in 401ks likely understand (in the majority) how they work to a reasonable degree. It's not reasonable to compare it to crypto where the people who participate understand virtually nothing about it.