1664
Once-in-a-generation
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Apr 2025
1664 points (99.1% liked)
Funny
8812 readers
1907 users here now
General rules:
- Be kind.
- All posts must make an attempt to be funny.
- Obey the general sh.itjust.works instance rules.
- No politics or political figures. There are plenty of other politics communities to choose from.
- Don't post anything grotesque or potentially illegal. Examples include pornography, gore, animal cruelty, inappropriate jokes involving kids, etc.
Exceptions may be made at the discretion of the mods.
founded 2 years ago
MODERATORS
Not really. In today's world, a couple having assets of up to a few million is the equivalent of someone 50 years ago having a paid off house and a pension. That's the kind of assets you need if you want to finance a basic middle class retirement.
That's usually a house. But yeah if they have a million in a 401k then they're part of the problem. Those funds are sitting in investment companies like Blackrock fueling the primacy of Wall Street over everything.
Having a million in a 401k today is like having a pension 50 years ago. If you want to actually retire in this capitalist hellscape, that's what you need to have. A million in a 401k is like $40k/year of retirement income. And it's not like pension funds don't invest their savings in Wall Street either.