You only get the 401k when you retire in US? This is not in addition to normal Social Security?
ExLisper @ ExLisper @lemmy.curiana.net Posts 3Comments 678Joined 6 mo. ago
ExLisper @ ExLisper @lemmy.curiana.net
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Thinking about it, the chance that Social Security money will be stolen and transferred to the 1% is quite high. Not because of the debt but simply to make the rich even richer. They will probably just say that the current system is not sustainable and move all the money into pension funds controlled by private banks which will then gamble with it pocketing the profits and socializing the loses. But 401k is the same so putting money there is not really a solution. The solution is to run away but obviously not everyone is able to.