> here in Europe we got actual pensions, so no 401k needed Right.. you do realize that Europe is not a country? And anyway that’s not really true in many place

> here in Europe we got actual pensions, so no 401k needed Right.. you do realize that Europe is not a country? And anyway that’s not really true in many places (or anywhere to be fair if you want to enjoy a decent QoL). > However, a family that already has 2, 3 million € in liquid assets? For them, even two or three people in elderly care won't make much of a dent - the interest earned from these assets alone is enough to pay for their care If you have 3 million and need 360k a year that not really the case at all unless you make some relatively risky investments and/or don’t pay taxes. > which had been the norm prior to the end of WW2 It certainly wasn’t the norm outside of the 30 year period between the start of WW1 and the end of WW2 (also on the whole it disproportionately affected young men).