“Americans of all ages saw their savings -- and home equity -- vaporize in the Great Recession. Older Americans face other systemic problems, too. The gradual shift that began in the 1980s from pensions to 401(k)s has been a windfall for employers, but a total disaster for workers. For the majority of Americans 65 and older, Social Security is now the single largest source of income, but FDR and the framers of the New Deal never intended the program to fully fund retirement -- its not built to bear that kind of weight.” news.yahoo/disturbing-look-retirement-130400189.html And yet, here we are. It doesn’t help that some of our SS funds have been confiscated for use in other gov’t programs all these years …
Posted on: Tue, 22 Jul 2014 16:57:24 +0000
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