Yes, well maybe we will also expand our healthspan, or have AI to help us with worker productivity? 🤓
The case I make is for social security is a blend between Singapore’s system and our current 401k system. The employer contributes 20% of their salary to their 401k and their employer matches it. They can use those funds to take mini sabbaticals throughout their lives, rather than one long one at the end. But yes, it’s tied to income, so the more you make and the longer you stay in the workforce, the more money you save! (You won’t have very much money in there at the beginning, but you’ll have a lot by the end!)
Yes, well maybe we will also expand our healthspan, or have AI to help us with worker productivity? 🤓
The case I make is for social security is a blend between Singapore’s system and our current 401k system. The employer contributes 20% of their salary to their 401k and their employer matches it. They can use those funds to take mini sabbaticals throughout their lives, rather than one long one at the end. But yes, it’s tied to income, so the more you make and the longer you stay in the workforce, the more money you save! (You won’t have very much money in there at the beginning, but you’ll have a lot by the end!)