For most troubled funds, the biggest underlying problem is simple: not enough current workers compared to the number of retirees. Chalk that up to employer schemes like deregulation and union-busting, along with unions’ failure to organize.
Pension legislation historically has been bipartisan—and it very well might be again in the future. After more than a decade of failed efforts, the retirement security of 1.5 million Americans and their families, finally, took priority.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
Robbing workers’ pension funds has long been central to Wall Street's business model. A recent Supreme Court ruling opened the door for financial managers to take their looting of those pension funds even further.
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French workers cherish their welfare state. That’s why they’re striking. Macron’s proposed retirement reforms are latest attempt to erode the safety net. The people are fighting back. First anniversary of Yellow Vest uprising marks an historic moment