The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early Liberal Edition

URL:  http://boards.fool.com/george-w-bush-killed-retirement-30363074.aspx

Subject:  George W. Bush Killed Retirement Date:  11/5/2012  11:55 PM
Author:  intercst Number:  46106 of 59078

Interesting article about how the Bush Economic Collapse has extinguished the retirement dreams of many young workers. The Chickenhawk Decade screwed an awful lot of people.

http://www.washingtonpost.com/business/economy/young-workers...

The economic downturn is pressing more employers to reduce pension benefits and significantly delaying when people launch their careers, darkening the already bleak picture that young workers face in saving for retirement.

Corporations have been slashing pensions for decades, but such cuts are common now in the public sector, where retirement benefits were traditionally much better. In both cases, employers frequently reach for the same tool — preserve benefits for current employees but make severe cuts for new ones.

</snip>


intercst
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us