The only problem with that is, most can't save anything. Or else won't by choice. And are just as incompetent financially as the government..... And in many cases
worse.
They will end up working their way through life, check to check, hand to mouth, buying everything they see, until their bodies break down, and will no longer allow them to do so. They will never save enough on their own to provide for a prosperous retirement.... Or
any retirement for that matter.
They will then become everyone else's problem as they age, and the government will look to, "tax the rich" in order to, "help level the playing field". Where have we heard that before? And naturally, if you don't go along with this type of thinking, you are "cruel" and "uncompassionate".
Regardless of how you slice it, it
always comes back to this....
https://www.fool.com/the-ascent/per...ns-cant-handle-a-500-emergency-without-worry/
https://www.cbsnews.com/news/credit-card-debt-total-us-data-2023/