Is it impossible to provide a basement/bottom to these pension funds without rewarding/bailing out hedge funds & rich bankers & investors? I have no idea, I'm asking honestly.
I understand both the fact that market crash would negatively impact people's retirement, and that it really rankles to have to prop up/"bail out" rich investors when we claim to not be able to afford healthcare.
It's worth noting that if there were more baseline social services such as healthcare, it would be less necessary to gamble on the stock market for one's retirement.
Also: people nearing retirement should not be highly exposed to the worst market volatility. If they are, either they or their investment manager is mismanaging their money–you're supposed to reduce risk more and more as you approach retirement. I'm 35 & not concerned about this vis-a-vis my retirement as there's lots of time for it to recover.
I understand both the fact that market crash would negatively impact people's retirement, and that it really rankles to have to prop up/"bail out" rich investors when we claim to not be able to afford healthcare.
It's worth noting that if there were more baseline social services such as healthcare, it would be less necessary to gamble on the stock market for one's retirement.
Also: people nearing retirement should not be highly exposed to the worst market volatility. If they are, either they or their investment manager is mismanaging their money–you're supposed to reduce risk more and more as you approach retirement. I'm 35 & not concerned about this vis-a-vis my retirement as there's lots of time for it to recover.