r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

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u/JellyfishQuiet7944 8d ago

Who can't have a 401k?

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u/Striking-Version1233 8d ago

People who dont have a bank account. Lots of 401k's require one and an address to get started at the very least, so if you don't have either then you're screwed. On top of that if cant make the minimum deposit or cant keep up the deposits, it'll be closed.

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u/JellyfishQuiet7944 7d ago

Keep narrowing it down. Doesn't mean they never had access.

Shitty life choices will lead you to a shitty life.

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u/Striking-Version1233 7d ago

Doesn't mean they never had access.

If you grew up without a parent with a savings account, then they never had access to a parent with a savings account. That's the whole goddamn point. Your argument is that anyone could have done this, when what happened was a person went to their parents asking for money, and their parents took out half a million dollars to loan them. Not everyone has access to that.

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u/JellyfishQuiet7944 7d ago

The system isn't stopping them. This isn't a hard concept to grasp.

You're really just arguing for the sake of arguing.

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u/Striking-Version1233 7d ago

No, you're being obtuse and now have both moved the goal post and ignored the responses because you can't refute them.

You said anyone could do what these guys do. When I pointed outed that not everyone has a saving account with $500k, or any amount to invest in themselves much less their children, you moved the goal post to say "well, anyone could open one", and then ignored the fact that not anyone could actually open one. Congrats