Pensions, good idea, before globalization.
After globalization, just does not work. We are dependent on economies outside our borders. Beyond our control.
401k are nice, but subject to the markets.
The wife and I do NOT anticipate SS to be there or in a significant mean when we retire. And we plan accordingly.
My parents, in the late 60s are making mad cash from SS. But they paid into it. And they should be getting something out of it.
I just dont see me and my wife getting the same.
So, we try to do with less, live below our means, and if SS is there when we retire, all the better.
But we are not counting on it.