chat

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Being a commie with a 401k is a real conundrum (hexbear.net)

submitted 3 days ago by LeninWalksTheEarth@hexbear.net to c/chat@hexbear.net

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i saw mine has increased 100% in the past 2 years and it grossed me out because i know this shit has consequences. but what else do i do? my work matches a small percentage, so turning down free money feels absurd, and maybe not being obtusely poor when i retire(lololol) would be nice.

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[–] buckykat@hexbear.net 58 points 3 days ago (2 children)

Moving workers' pensions from a defined benefit that was their employer's responsibility to an individual account floating in the big casino we call a market was a deliberate scheme to distort and obfuscate class interests

[–] LeninWalksTheEarth@hexbear.net 27 points 3 days ago

it's truly depressing. my step-grandpa who died at age 93 like 13 years ago had pension. i was like WELL THAT WOULD BE NICE. he did not die in poverty.

[–] chgxvjh@hexbear.net 13 points 3 days ago

It's so ghastly to watch the campaigns for the same in Europe.