Oh I fully agree, just pointing out another situation where the fair value purposely didn’t keep up with inflation to keep people down.
Not accounting for inflation over 47 years, you can contribute LESS now than you could when the 401k was created:
$23,500 today vs $30,000 back in 1978.
with Inflation thats just insane:
$23,500 now vs $148,000 back in 1978.
It gets even worse, look up the ‘pull up the ladder after I got here’ actions they took since the 70’s in the USA. Back in the late 70’s you could contribute up to 25% of your salary up to $30,000 a year. Do you know how much $30,000 a year in the 70’s is today? $148,000 you should be able to contribute to your 410K if we lived in a fair world.
deleted by creator
deleted by creator
deleted by creator
deleted by creator
deleted by creator
deleted by creator
deleted by creator
deleted by creator
deleted by creator
deleted by creator
Hey TokenBoomer, how’s not voting for Kamala going? You were EXTREMELY vocal about not voting for her before the election.
deleted by creator
Shhh, let them keep getting caught