Economy
No One Had a 401k Until 1978 — How Did People Retire? (Video)
No One Had a 401k Until 1978 — How Did People Retire? (Video)
In this 3 August 2026 published video, host Michael Bordenaro talks about how before the 401(k) was created in 1978, most Americans retired using a combination of defined-benefit pensions, robust Social Security benefits, personal savings, and multi-generational family support.
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