I guess my whole point with this post was that I was kind of shocked at how little most people have invested in their 401k accounts. I know some people say that, "Well, I'm sure those people have money in something else like real estate, Roth, etc..." But I don't think so. I see lots of folks are way over extended buying things like nice, new cars and trucks, boats, vacations and mini-mansions in the suburbs and they just don't have any money "left over" to save and invest for their future. If you don't think that's true, look at how many folks were foreclosed on back in the last downturn.
To many people want it all now, and that's fine if that's what you want, but come retirement age I foresee a jobs crisis. Older folks staying in the employment pool taking jobs that were once available to younger folks, and also competing with illegal immigrants for those same jobs. When you have a huge majority competing for lower wage jobs and not enough to go around, it sounds like a recipe for Socialism.
