That is more of an issue with education around money than anything. Access to investing is more available to the average person than at any point in human history. And if not a 401k, because the employer doesn’t offer one, something else, like a Roth IRA can be used in its place.
The information is more available than ever as well, however, there are a lot of people pushing out bad information to line their own pockets, or because they just don’t know better themselves. Sorting through the BS to get to something good can be hard, and can take more work than most people are willing to do. This is rather unfortunate, as a few really basic things can put someone far ahead of the average.
I don’t think we should cripple the best option for average people, just because not everyone is using it to its full advantage. We should be looking for ways to get more people to take advantage of compounding. It’s available today and it works. Putting retirement in the hopes of a complete overhaul of society doesn’t seem like a great bet.
The information is more available than ever as well, however, there are a lot of people pushing out bad information to line their own pockets, or because they just don’t know better themselves. Sorting through the BS to get to something good can be hard, and can take more work than most people are willing to do. This is rather unfortunate, as a few really basic things can put someone far ahead of the average.
I don’t think we should cripple the best option for average people, just because not everyone is using it to its full advantage. We should be looking for ways to get more people to take advantage of compounding. It’s available today and it works. Putting retirement in the hopes of a complete overhaul of society doesn’t seem like a great bet.