Yes, if there's any money left by then.
Society security is essentially a retirement tax...you pay it your entire life but that money isn't really yours...you pay it so that the previous generation can retire. So say you put 300k in there your entire life, that 300k doesn't belong to you...if...
Oh we have that too..its called Social Security...401k is optional and most young ppl wont opt into it until much later from what I've seen with most the younger ppl i've worked with.
Social Security is also expected to run out before most ppl can benefit...so Iono how the US will fix this lol
The people in US is very bad at saving money. We're a credit nation, you wont believe how much of the US population is in debt. Most kids here don't put money into 401k until they're much into their adult years. :llama_ramen:
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