Come - the median retirement age 401k balance is $97k. This isn’t useful, and most people get a 401k default enrollment without contributions so account existen

Come - the median retirement age 401k balance is $97k. This isn’t useful, and most people get a 401k default enrollment without contributions so account existence isn’t a useful metric. Your odds aren’t better if you don’t contribute. I’d also note you have to be at a company that even offers a 401k. Only 45% of Americans have access to a 401k, or have their own IRA. This isn’t a safety net - I’d like to see you do a high wire with only 45% of the area of your walk covered with a net, and of that the median segment doesn’t have the strength to hold your weight. It’s a political gambit to fool people into voting against their best interests.