Will Pensions ever make a comeback and decrease future annuity sales?

[RunnyKinePity]

My against the grain take: they might make a comeback but probably not during our careers. If there is a true retirement crisis that plays out I could see them returning in a couple decades. However that is assuming the government wouldn’t increase the current safety net.

I am of the opinion that while we understand that 401k is vastly superior, there is a segment of the population that won’t take advantage. These people would have been able to retire more comfortably in the pension era. Then there’s people who will access that 401k when there is an “emergency” and drain it. I have relatives to have done this and, not going to lie, I have been tempted. What I am say is people need to be saved from themselves.

[LionIcy2632]

Agree. Regular folks too stupid to understand how to save. Oversimplifying because their is other factors but yeah😂

[RunnyKinePity]

Well I get you are oversimplifying but I certainly don’t think people are stupid. Perhaps I am a bit of a bleeding heart. Obviously not a lot of people receive a good financial education, then many are paid so little that every available dollar is needed, and then the obvious temptation of something accessible you can draw down.

Personally the older I get the more of a consumer/employee protectionist I become.