They removed the employee pension part of the leg and replaced it 401k's which have only been around since the 80's and there is not a generation of people that have retired on them.

[–] InevitableSwing@hexbear.net 13 points 1 year ago

The concept of a pension was retired. But financial "innovations" like gig economy, copays, deductibles, medical bankruptcy, student debts, etc have been greatly expanded. Capitalism, baby!

[–] StellarTabi@hexbear.net 9 points 1 year ago

401k's which have only been around since the 80's and there is not a generation of people that have retired on them.

damn, somehow I know that after all my 401k-less comrads die in the freemarket famines, of 2050, probably the last rugpull on my generation will be the collapse of 401ks. Then in 2070 there will be YouTube videos explaining why 401ks were an obvious scam from the beginning, but you probably won't find anyone explaining/claiming that today. It's just going to happen somehow I know it lol.