“What about the 2/3rd of Americans that don’t?”
I don’t know that that’s true, but if it is why don’t they?
Why didn’t they open their own IRA? The fact that some people are too stupid or irresponsible to save for their future isn’t Trump’s fault.
I don’t think that’s the reason and that’s a pretty negative view.
I think someone making $30k or $40k per year, living paycheck to paycheck and needing every dollar of that to survive doesn’t have excess money to invest. I linked to an article here the other day that said only 1/3 of Americans have more than $5k saved for retirement.
Many work for small companies that don’t offer 401ks and many can’t afford to start an IRA. Personally, I’m blessed to be fortunate enough and it’s hard for me to imagine because I opened an IRA when I was 17.
But I suppose it’s reality for many Americans.