TequilaMockingbird

cobysev, 1 month ago

In the US, pensions have almost completely gone away, in favor of 401K programs. A pension is (typically) a monthly fixed income given by your former employer for the rest of your life upon retiring from a career.

The 401K program is more like a retirement savings account; you contribute a portion of your paycheck toward it each month and your employer will match your contribution up to a certain pre-designated amount. Whatever money is in that account becomes your own personal “pension” that you live off of after you reach retirement age. Instead of your employer putting aside money to pay retired employees, now you’re responsible for setting aside that money yourself, with a little extra contribution from your company.

Employers prefer the 401K program because they invest a little extra money into you initially, but then they don’t have to pay out a pension for the rest of a former employee’s life. So they save money in the long run. Meanwhile, your retirement depends on you being fiscally responsible early in your career instead of expecting a fixed income to cover you later in life.

Fried_out_Kombi, 10 months ago

I’m in a fairly dense, walkable neighborhood with grocery stores within a 5-minute walk of me. Stopping by a few times a week and carrying the groceries is very feasible. Else, I sometimes go to another grocery store that’s like a 10-minute bike ride away for certain items, and plenty of people just put pannier bags on their bikes for grocery shopping. I also see plenty of people with wagons for groceries in my neighborhood.