My friend wants to rent a house. He is asking $1800/month. A single mother looked at the house and said she will get that $1800 from government so money is not the problem.
This article is not telling the real story. When disadvantaged ones unite together and vote together, retirement will not be too bad since government has to pay (otherwise, they will be voted out). As for where the money comes from, that is not the problem for the disadvantaged.
401K is a joke, telling everyone to manage their retirement money themselves. Really, how many of them screwed up big time because they buy high and sell low?