Continuing to attack pensions and thereby promoting these vastly inadequate personal accounts speeds the U.S. toward a generation of elders living in dire poverty.
The middle class, once the backbone of a strong American society, has been broken, beaten down, pushed further and further toward poverty levels. Here are five well-documented ways that this has happened.
All across America, Wall Street is grabbing money meant for public workers. Not only did these middle-class workers already lose huge chunks of retirement money to huckster financiers in the crash, and not only are they now being asked to take the long-term hit for those years of greed and speculative excess, but in many cases they're also being forced to sit by and watch helplessly as Gordon Gekko wanna-be's are put in charge of their retirement savings.
Conservative activists are manufacturing the perception of a public pension crisis in order to both slash modest retiree benefits and preserve expensive corporate subsidies and tax breaks.
The Dumbest Retirement Policy in the World - A failed public policy experiment is tearing the country apart. It was a bad idea from the get-go, but new research shows that America's 401(k) revolution has left us even worse off than we thought. Here's a look at how we got into this mess, and where it will take us if we don't wise up.
Polish workers have taken to the streets of Warsaw in mass protests against the pro-market government's labor policies. Prime Minister Donald Tusk's popularity has plunged as Poland's once robust economy has weakened.
Reader Comments - Syria, chemical weapons, Israel; American Jews Speakout Against AIPAC; Organized Labor's Decline; Pensions; Mexican unions;
Announcements - Sept. 16 in New York - Iraqi Workers in Turbulent Middle East - Pres of Iraqi Oil Workers Union speaks; Protest Alexandria Center for Life Science; FAIR celebrates release of new book Dollarocracy; Demand a Robin Hood Tax - New York - Sept. 17 - Restore and Expand Vital Public Services for the 99%
Thousands of protesters took to the streets across France on Tuesday for a nationwide day of industrial action to protest against controversial planned pension reforms.
How’s your 401(k) doing? Working Americans ask themselves this question — and angst about the answer — a great deal these days. Any why not? For most Americans, retirement reality has turned chillingly stark: Either you have a robust set of investments in your 401(k) or you’re facing a rocky retirement.
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