Millennials and Retirement: Already Falling Short

A new report finds a deeply troubling retirement outlook for the Millennial generation. Most Millennials have nothing saved for retirement, and those who are saving aren’t saving nearly enough. The report indicates that many factors are contributing to this generation’s retirement savings challenges – from depressed wages to the lack of eligibility to participate in […]

The Real Reason the Investor Class Hates Pensions

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets. And […]

This Is What Life Without Retirement Savings Looks Like

CORONA, Calif.—Roberta Gordon never thought she’d still be alive at age 76. She definitely didn’t think she’d still be working. But every Saturday, she goes down to the local grocery store and hands out samples, earning $50 a day, because she needs the money. “I’m a working woman again,” she told me, in the common […]

Trump’s paid family leave plan would punish those who choose to have kids

Early in the 5th century, the theologian Saint Augustine of Hippo noted something about families and society that, in his era, was simply conventional wisdom: “After the city, or political community, comes the world, following the convention that treats the household, city, and world as three successive levels of human society.” For the ancients, families were the first […]