More of us every day because pensions are unsustainable. The best thing about the 401k is it's my money.
I doubt you are some blue collar joe. You probably have my level of education, but in some bullshit degree.
It's funny the CEO's and VP's and higher ups still get pensions. Politicians get pensions. Everyone gets pensions except for workers. If it's unsustainable stop giving them to anyone.
No, I don't think 401K's are as good. In some ways they are but I see where I'm at, and I'm pretty well off, but I compare what I got at 52 to what Ford workers back in my dad's day got. They were easily able to retire at 62. A lot of them earlier. If they started at 18 they retired at 48.
My dad had a job lined up for me at Ford. Didn't think I was going to college but wrestling got me in. Had I started at Ford when I graduated high school, I was 17. I would have retired 6 years ago. And Ford could afford it. Those days are gone. Now the woman CEO can't explain why she doubled her own pay in recent years while asking workers to take cuts.
If you like it that the CEO did this, then America is great for you. Your message shouldn't be MAGA it should be Keep America Great.