Wednesday, July 25, 2012

Our once-proud nation...

This is a sentence that we shouldn't allow to be truth:
Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.
Seventy-five percent have less than $30k in their retirement accounts on the day they depart -- this seems like a clear failure of the 401k model (and a clear explanation of all the elders visible in low-end service jobs). We need to get sane about this before we're right back in the postwar grandma-eats-dogfood days -- actually, I guess we are already. Shameful.

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