The problem is that 1K deposited now, will still be worth about $1K in 50 years.
unless you were really lucky and put it into stocks and bonds that beat the annual inflation rate, AND made a lot of money.
Like all the politicians seem to be able to do.
Sorry. I’m not tech savvy. The article is by David Smick in the WSJ. It can be found on Real Clear Politics. As the welfare state hopefully comes down this would be a good alternative as long as big government goes down with it.