[William Tell]

Pining_4_TX said: "For those of modest means, there is no sweaty wad of cash left over from their expenses to stash in a 401K account."

You sound like some of my relatives.

How old is your car and how long have you owned it?

[Pining_4_TX]

I answered your question in a private reply, since I doubt our situation is that interesting to the general FR reader.

I wasn’t speaking in general terms about the person who works a blue collar job for years and tries to support a family. Somebody making $40 a year who has kids is not going to be stashing away a lot of dough. Most people don’t know much about investing anyway and are just afraid of losing their money. If we had a privatized pension system similar to Chile’s, these workers would have some sense of security.