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A comment on One-Quarter of Working Americans Have Zero Retirement Savings. Parent comment

Re:One-Quarter of Working Americans Have Zero Retirement Sav... by ok_coo on Thursday May 23, 2019 @05:06PM (#19995950)
My personal anecdata is that I started saving more money and contributing more to my 401K after I got a substantial raise from switching jobs.

Before that? The majority of my income went to expenses and keeping my head above water. There are plenty of people who are irresponsible, yes. But I'm guessing there are many more who are just trying to pay the rent, bills, etc. to stay off the street.

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Re:One-Quarter of Working Americans Have Zero Retirement Sav... by juZDM6 on Thursday May 23, 2019 @05:42PM (#19996312)
This.

I think it would be very hard to have substantial retirement savings on the bottom 25th quartile of American wages. Especially when most Americans are living paycheck to paycheck. Want people to save more? Pay them more.

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