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Viduals knew how a lot they'd be getting primarily based on what they have been making. With 401ks, the market decides. I get what you’re saying about corporations going underneath, however I don’t suppose I agree that 401ks are much less dangerous, pensions. Most Individuals did their time and obtained a flat quantity every month. Now, they not often save sufficient of their 401okay as a result of they don’t perceive the way it works and with market actions they’re on the mercy of Wall Road. I feel the shift to 401ks was completed with out the worker in thoughts, it was all enterprise. Within the U.s.a., the concept that personal gun possession was assured.
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