Funny

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Once-in-a-generation (lemmy.ml)

submitted 3 days ago by cm0002@lemmy.world to c/funny@sh.itjust.works

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[–] Maggoty@lemmy.world -1 points 2 days ago (1 children)

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.

[–] WoodScientist@sh.itjust.works 3 points 2 days ago

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.