They are tested and the results have already been a disaster.
People don't save for 401ks. And why would they? The fact is, when you are living paycheck to paycheck, retirement takes a backseat to rent.
And even when they do save, we are currently looking at a market downturn. The last 5 years have been pretty rough in terms of the stock market with returns being much lower than you might count on.
There is an option, it's fully funding social security by lifting the income cap. It's silly that you get a tax break on SS simply by making too much money.
The biggest threats to the average person being able to retire is the government gutting, dismantling, and/or privatizing Medicaid, Medicare, and social security. With those gone, yeah grandma is going to have to work in the Foxconn factory to avoid eating catfood.
It's not completely hopeless, but people really need to be informed on this. We are running headlong into this problem because neither party wants to raise taxes to fund these essential programs.
This is a government problem to solve which is best solved by a government agency. It will be a disaster if private corporate leaches get involved, matching the current state of healthcare for anyone not disabled or younger than 65.
For anyone that advocates UBI. That's what social security is, UBI (with an age restriction).
People don't save for 401ks. And why would they? The fact is, when you are living paycheck to paycheck, retirement takes a backseat to rent.
And even when they do save, we are currently looking at a market downturn. The last 5 years have been pretty rough in terms of the stock market with returns being much lower than you might count on.
There is an option, it's fully funding social security by lifting the income cap. It's silly that you get a tax break on SS simply by making too much money.
The biggest threats to the average person being able to retire is the government gutting, dismantling, and/or privatizing Medicaid, Medicare, and social security. With those gone, yeah grandma is going to have to work in the Foxconn factory to avoid eating catfood.
It's not completely hopeless, but people really need to be informed on this. We are running headlong into this problem because neither party wants to raise taxes to fund these essential programs.
This is a government problem to solve which is best solved by a government agency. It will be a disaster if private corporate leaches get involved, matching the current state of healthcare for anyone not disabled or younger than 65.
For anyone that advocates UBI. That's what social security is, UBI (with an age restriction).