Storm Clouds Ahead for Many Seniors

Thanks to Concord Bob for this article on the plight of seniors in the United States…Former Commissioner Dan Troy has selected the correct platform to run for the State Representative position.  Republicans will be in his rear view mirror unless they wake up.

https://www.marketwatch.com/story/heres-proof-that-401k-plans-are-not-working-for-most-americans-can-you-guess-who-they-are-working-for-2019-12-12

Some excerpts from the article:

“Clearly, the country’s in the midst of a savings crisis as families struggle to cover rising home costs, hefty student-loan debt and everything in between. And it seems it’s only getting worse, unless you’re at the top of the wealth pyramid.

Read: An increasing number of senior citizens are going bankrupt       “

“The retirement system does not work for most workers,” Morrissey explained in the note. “Decades after the number of active participants in 401(k)-style plans edged out those in traditional pensions, 401(k)s are not delivering substantial income in retirement, and that income is not equally shared.”



Categories: Free Speech Zone, Uncategorized

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