PBS Drops Another Bombshell: #WallStreet Is Gobbling Up Two-Thirds of Your 401(k)

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10. Some how not all all unbelievable

Presently, 70 percent of Americans who have any kind of retirement plan at their place of employment have a 401(k) plan. Not everyone is paying 2 percent fees. Some are paying more and others are paying less – sometimes much less if using passively managed index funds. But, historically, Wall Street has preyed on the least informed and the least educated, which tends to be the poor and middle class.


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Wall Street, Wall Street oh Wall Street.

They make so much and you get taxed on that when they do.

When you lose, well, you lose.

Over and over again this cycle repeats itself.

Those whose parents were teenagers and young adults during this time (c. 1930 ... ) cannot ever forget either.