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By Robert Kuttner
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David Fitzsimmons, Cagle Cartoons, The Arizona Star —
Posted on Dec 16, 2012
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Flickr / ElvertBarnes
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Federal labor statistics show that older Americans are much more likely now to be holding on to their careers—because they can’t afford to retire—while vast numbers of young Americans are failing to get on track in the job market. (more)
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By Marie Cocco — Not to ruin brunch, but Mom’s probably not doing very well. Not if she’s already retired, not if she’s a baby boomer approaching retirement, not if she’s a younger woman who hasn’t yet given retirement a thought.
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By Marie Cocco — The essential fallacy of the 401(k) has been exposed. It took a historic market collapse—one that threatens to impoverish workers already in retirement and those who are nearing it.
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By Marie Cocco — Those who think they will retire in Fat City because they have a 401(k) may be headed for a bitter disappointment. The system’s rules are flawed, and Washington should reform them.
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Truthdigger of the Week: Sen. Angus King
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