45% of 18-29 year olds have a retirement account. That number keeps rising to 77% of people 60+ having a retirement account. source
You don’t need a 401k account to save for retirement. You can do this same savings/investing in an IRA or even an brokerage account (but you wouldn’t get the tax benefits). There are ZERO employer requirements to opening an IRA, you just have to be someone that earns money.
partial_accumen@lemmy.world 3 weeks ago
45% of 18-29 year olds have a retirement account. That number keeps rising to 77% of people 60+ having a retirement account. source
You don’t need a 401k account to save for retirement. You can do this same savings/investing in an IRA or even an brokerage account (but you wouldn’t get the tax benefits). There are ZERO employer requirements to opening an IRA, you just have to be someone that earns money.
spankmonkey@lemmy.world 3 weeks ago
Earns enough money to set some aside for retirement.
partial_accumen@lemmy.world 3 weeks ago
Do you literally not even have $1 in your pocket that you earned for yourself? Thats all it takes to open an IRA and start saving for retirement.
spankmonkey@lemmy.world 3 weeks ago
You do understand a significant portion of the population doesn’t have a dollar to spare when they live paycheck to paycheck, right?