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“The idea that one can ‘plan ahead’ in an economy where pensions are rarities and student loans a must, is senseless victim-blaming. My parents didn’t ‘plan ahead’ to have a pension upon retirement; that was just what workplaces like theirs offered. And now those workplaces don’t. The folks I know whose savings were wiped out by vagaries of the stock market didn’t suffer from a lack of planning; they suffered from the fact that retirement income is never, has never been, under the control of workers, but always elsewhere. The control is elsewhere, but the blame is always on the worker.”
Photo from the NYTimes article.