Post B06Y4sebmd7SXXIsU4 by lichelordgodfrey@poa.st
 (DIR) More posts by lichelordgodfrey@poa.st
 (DIR) Post #B06VdFQ1LqXb7vAz3o by Jens_Rasmussen@poa.st
       2025-11-10T13:35:45.721904Z
       
       0 likes, 0 repeats
       
       Why do Americans call pension savings "401k"? Is it a tax thing?
       
 (DIR) Post #B06Vi7JktkyLRwZFDs by lichelordgodfrey@poa.st
       2025-11-10T13:36:38.196246Z
       
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       @Jens_Rasmussen no it's that their "pension" is not guaranteed to be there it's in the fucking stock market
       
 (DIR) Post #B06XnWvlITV4F93Npo by Jens_Rasmussen@poa.st
       2025-11-10T14:00:00.337185Z
       
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       @lichelordgodfrey That makes sense, since the stock market usually appreciates in value over a decades long period, or at very least declines less than fiat currency does with even low inflation.I was wondering about why it is called by a number and letter instead of just being referred to as "pension".
       
 (DIR) Post #B06Y4sebmd7SXXIsU4 by lichelordgodfrey@poa.st
       2025-11-10T14:03:09.723912Z
       
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       @Jens_Rasmussen whoops your "pension" is gone
       
 (DIR) Post #B06Y9yoSJQl35aLChk by Jens_Rasmussen@poa.st
       2025-11-10T14:04:05.156493Z
       
       0 likes, 0 repeats
       
       @lichelordgodfrey Fiat currency can do the same, if the government/central bank wishes to do so, as has happened historically.
       
 (DIR) Post #B079dsJOkAuxuzvrtI by lichelordgodfrey@poa.st
       2025-11-10T21:04:04.337930Z
       
       1 likes, 0 repeats
       
       @Jens_Rasmussen yeah but then you can't blame nebulous "market forces" but the government and it's easier for people to be angry and focus that rage on something.