this post was submitted on 01 Jul 2025
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Asklemmy
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I don't even really know what a 401k is, I'm not from the US. The fact that globally social security systems are failing due to neglect and tax gifts for the rich is a whole other issue.
Fancy savings account for retirement that's stored in stocks so it can explode at any point. Basic perquisite to ever retire in the US. Many people don't have them.
In the US, pensions have become extremely rare, and were mostly replaced with a 401k, which is essentially a tax deferred stock market account. Often your employer will match contributions that you put into it up to a certain point.
Alright. Sounds like bullshit that you're going to have to deal with, whether or not we're facing the AI apocalypse, and I sympathise.