zlacker

I do understand the argument that a lot of people won’t really save money left to their own devices. And I’m not unhappy to be receiving a modest pension from a decades ago job I probably didn’t give more than a minute’s thought to at the time. But don’t really disagree that for people who are reasonably disciplined about savings, getting the money as salary is probably the better deal.

>>ghaff+(OP)
Disciplined people will almost always do well (ignoring unfortunate circumstances, mainly) - it's the undisciplined that the system has to be sure to protect.

Of course, the goal should be to turn undisciplined people into disciplined ones over time.

>>bombca+h6
These people are "undisciplined" because they have no idea how profitable investing is. Neither do educators (pensioned) and a lot of people have an ingrained misconception that you are going to lose money "in the stock market."

They hear of possible returns like 10-15% and shrug and look at bear markets as harmful to their wealth.

Really an education issue but it is complicated. Stuffing money in a mutual fund is risky and also not an option if you are behind. A lot of people are behind.

>>datavi+7y
A lot of people will basically say maybe next year but I'm totally strapped right now. Perhaps after I've paid off my credit card--and in that respect they're likely not even wrong.

>>datavi+7y
It is difficult to be "disciplined" when you are trying to afford the rising costs of rent, car payments, childcare, and food. A majority of people live pay cheque to pay cheque, and are lucky to save a few thousand dollars.