FAIL of the Day: Uber Offers Free Retirement Accounts for Drivers, Won't Make Contributions

In what seems like a WIN, but--as always with Uber--is really a FAIL for humans, Uber has teamed up with financial firm Betterment to offer fee-free retirement accounts to drivers in Seattle, Boston, Chicago, and New Jersey, with options to expand to other cities soon.





Drivers can access the retirement plan from their phones, but Uber won't make any contributions to the accounts, making this "benefit" fall flat.

The accounts are free for only the first year, with fees afterwards calculated at Betterment's regular price, which they say is less than the fees typically charged by traditional financial advisers, but definitely not free. With driver's already hurting for fares...



...we all know Uber, who often works against their workers through "union busting" politics, can do better.