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Message: <blockquote data-quote="vantexan" data-source="post: 2899837" data-attributes="member: 24302"><p>Which is exactly why the onus to save for retirement was put on the workers.  Traditional pensions were guaranteed money.  Not to mention with the 401k system the workers help corporate exec's get wealthier with their contributions.  Those contributions are used to buy stocks in large amounts when dividends are due.  The demand drives up the price and the exec's cash in stock options.  Major corporations hold public meetings with Wall Street firms represented every year.  Listened to one back in I think it was around 2011-12.  Fred S referred to the Wall Street firms as "our partners."  Exactly why they give matching funds to 401k contributions.  System is making them rich(er).</p></blockquote><p></p>