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The way we save for retirement was transformed in the 1980s. Before that, most workers depended on employer-funded pensions. Today, the 401(k) is commonplace—but that shift wasn’t just a new account type; it moved huge financial risk away from companies and onto you. This video unpacks why corporations abandoned defined-benefit plans, how 401(k)s actually work, and the significant effects this has had on how people build wealth and handle market exposure throughout their lives. If you love explo
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Millions of households are doing it tough, while the banks profit on the housing crisis, and Labor is making it worse. Tax changes alone were never going to cut it. Labor needs to take on corporate greed in the housing market by taxing big corporations, build more public homes like Australia used to, and end grandfathering for wealthy property investors. Via @Barbara Pocock
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What do we say three times ?🤣 Capitalism is an economic system where private individuals and businesses own and control the means of production, such as factories, tools, and land, to make a profit.Key Principles of CapitalismPrivate Property: Individuals and companies can own tangible and intangible assets.Profit Motive: Businesses operate to earn financial gain and grow their capital.Free Market: Prices, production, and distribution are guided by supply and demand rather than government plann
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