We really need to stop tying people's retirement to the market. I've already lost ground due to 2008, and COVID, and while I was young, I lived through my parents suffering through dotcom as well.
It's long past time we have a universal public pension, funded at least in part with a progressive wealth tax, or least go back to private defined benefit pensions to where the employer or pension fund bears the risk rather than the individual.
Supplement it with market speculation if you want, but we need something guaranteed for everyone that's a little more robust and provides a better living than the paltry social security we have now.
It's long past time we have a universal public pension, funded at least in part with a progressive wealth tax, or least go back to private defined benefit pensions to where the employer or pension fund bears the risk rather than the individual.
Supplement it with market speculation if you want, but we need something guaranteed for everyone that's a little more robust and provides a better living than the paltry social security we have now.