“U.S. Retirement Funds, Heavy on Stocks, Brace for Losses”
March 7, 2022
“Volatile stock markets are eroding the retirement savings of America’s teachers and firefighters after public pension systems ended last year with equity holdings at a 10-year high…”
https://www.wsj.com/articles/u-s-retirement-funds-heavy-on-stocks-brace-for-losses-11646601597
If you’re a young person do not count on any U.S. government programs for retirement in the future. 401k, pensions, all this stuff will not be there. The U.S. is not going to make good on it’s debt. Do yourself a favor and take your money out now. You will eventually lose your money otherwise.