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PowerCrazy , (edited )

401ks weren't a "mistake" they were designed to give wallstreet traders more money and for that task they have succeeded extremely well.

e: To the tune of $7trillion according to the article.

Copernican , (edited )

How do you think pension plans make money? They are managed by fiduciaries responsible for investing. Guess where they invest. 20% of the stock market is owned by pension funds :https://retiregenz.com/what-percentage-of-the-stock-market-is-owned-by-pension-funds/

Raiderkev ,

I like how you got downvoted. This is 1000% true.

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