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Aside from AGI the alarming issue is the rise of the retirement age. More senior level staff is staying on the job due to high cost of living. Thus it’s becoming more of a pipe dream to be anything more than senior level unless you decide to take on debt or have your employer chain you down for paying your grad school cost.
That said, more firms are shifting toward profit sharing rather than the 401k. I’m a believer of this, only if the employees dictate the decisions of the direction the firm heads versus the board of directors running the show.