> 401k's are a terrible retirement strategy for folks that are not pulling in serious money. Plugging samples into any 401k calculator seems to disagree here:

> 401k's are a terrible retirement strategy for folks that are not pulling in serious money. Plugging samples into any 401k calculator seems to disagree here: even folks making twenty dollars an hour would have a few hundred thousand dollars by retirement age if they squirreled away the recommended 5-10% of their salary. One could make the case that workers aren't able to save that much, but either way it seems pretty clear that the issue is that for one reason or another people aren't saving enough. This seems like looking at the obesity epidemic and saying "Exercise is a terrible strategy for most people, the average retirement BMI is 25" -- the strategy itself is fine, people just aren't executing it (for whatever reason)