The UK equivalent of a 401k is the self-invested personal pension (SIPP), so they also have that.
This is about the UK equivalent to social security, which in the US is much more of a ponzi simply based on size and scope. The unfunded pension liabilities in the US make everyone else look fiscally responsible and solvent by comparison
The UK equivalent of a 401k is the self-invested personal pension (SIPP), so they also have that.
This is about the UK equivalent to social security, which in the US is much more of a ponzi simply based on size and scope. The unfunded pension liabilities in the US make everyone else look fiscally responsible and solvent by comparison