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Social Insecurity: 401(k)s and the Retirement Crisis

James W. Russell
Format
Book
Published
Boston : Beacon Press, [2014]
Language
English
ISBN
9780807012567, 0807012564, 9780807012574 (ebook)
Summary
Each generation of workers since the nineteenth century has had more retirement security than the previous generation. That is, until 1981, when shaky 401(k) plans began replacing traditional pensions. Now, tens of millions of Americans are discovering that they would have been better off under traditional pension plans long since replaced. Russell tells the story of a massive and international retirement robbery-- a substantial transfer of wealth from everyday workers to Wall Street financiers via tremendously costly hidden fees.
Contents
  • Before the swindle
  • A fix for what wasn't broken
  • Army tanks and think tanks
  • Targeting social security and public worker pensions
  • How 401(k)s are supposed to work and why they don't
  • A model unravels
  • Turmoil in the land of steady habits
  • What we can do.
Description
xix, 201 pages ; 24 cm
Notes
Includes bibliographical references and index.
Technical Details
  • Access in Virgo Classic
  • Staff View

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    a| Before the swindle -- A fix for what wasn't broken -- Army tanks and think tanks -- Targeting social security and public worker pensions -- How 401(k)s are supposed to work and why they don't -- A model unravels -- Turmoil in the land of steady habits -- What we can do.
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