Don’t Blame the Boomers

I was inspired by this piece in the Boston Globe, about how baby boomers have ruined everything, to go into the Survey of Consumer Finances and see just how well the boomers are actually doing, at least as far as wealth goes. The answer, as with all things, is it depends on what class of […]

Michael Hudson: Retirement? What Social Obligation?

SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. I’m speaking with Michael Hudson about his new book J Is For Junk Economics: A Guide to Reality in the Age of Deception. Thanks for joining me again, Michael. MICHAEL HUDSON: Good to be here. SHARMINI PERIES: So, Michael, on […]

Money Worries for Retired Women

Many women find it an uphill battle to save for retirement. Across all age groups, women have considerably less income in retirement than men, according to a report from the National Institute on Retirement Security. For women age 65 and older, their income is typically 25 percent lower than that of men. As men and […]