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<blockquote data-quote="refineryworker05" data-source="post: 2903993" data-attributes="member: 66082">No it doesn&#039;t work for the majority of workers that use it.The data about 401k&#039;s shows actual workers who are putting money away in their actual 401k plans and it is not working for the vast majority of them.Again, you are defending this thing called the 401k as if it is a person or a religion or an ideology that you are &quot;believing in&quot;, instead of a part of the tax code meant to aid in retirement.Either it works in reality for workers or it doesn&#039;t work.And the data is very very clear, the 401k objectively for most American workers that are in fact using their 401k doesn&#039;t work for them at providing stable retirement income.Now either we can discuss the factual info about the 401k&nbsp; and how it is actually working for Americans, or I&#039;m done with this discussion.I see zero benefit in continuing a discussion in which you tell me you basically believe in the 401k or you tell me you just know the 401k works if people use it or you give a theoretical example of how great the 401k works which is devoid of any data about how it works in reality for most workers.Don&#039;t believe, don&#039;t go on theory, look at the actual data about how the 401k is actually working in the real world for actual human beings, objectively the 401k is not working for the vast majority of workers that use the 401k.</blockquote>

[QUOTE="refineryworker05, post: 2903993, member: 66082"] No it doesn't work for the majority of workers that use it. The data about 401k's shows actual workers who are putting money away in their actual 401k plans and it is not working for the vast majority of them. Again, you are defending this thing called the 401k as if it is a person or a religion or an ideology that you are "believing in", instead of a part of the tax code meant to aid in retirement. Either it works in reality for workers or it doesn't work. And the data is very very clear, the 401k objectively for most American workers that are in fact using their 401k doesn't work for them at providing stable retirement income. Now either we can discuss the factual info about the 401k and how it is actually working for Americans, or I'm done with this discussion. I see zero benefit in continuing a discussion in which you tell me you basically believe in the 401k or you tell me you just know the 401k works if people use it or you give a theoretical example of how great the 401k works which is devoid of any data about how it works in reality for most workers. Don't believe, don't go on theory, look at the actual data about how the 401k is actually working in the real world for actual human beings, objectively the 401k is not working for the vast majority of workers that use the 401k. [/QUOTE]

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