3 ms·
> traditional Pension programs Which never were given to many people (so SS was the biggest source of income, even then), were insolvent, and make little sense
by SideQuark 4y ago
> traditional Pension programs
Which never were given to many people (so SS was the biggest source of income, even then), were insolvent, and make little sense for the mobility of a modern job market. I'd much rather get paid more, put that money into multiple places and plans I control, so if my company folds, I am not left with nothing.
And the historical evidence is that pensions were not what people now assume they were.
https://eh.net/encyclopedia/economic-history-of-retirement-in-the-united-states/ https://eh.net/encyclopedia/economic-history-of-retirement-i...