Jeff Sessions Resigns

Discussion in 'Current Events' started by BuckyBadger, Nov 7, 2018.

  1. LangleyMan

    LangleyMan Well-Known Member

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    Only slightly more than 10% of Americans have a pension. The situation for pensions and 401(k)s is getting worse every year.
     
  2. Marine1

    Marine1 Well-Known Member Past Donor

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    Not true. Many companies have 401-Ks instead of pensions. It's much cheaper on them. As time goes on, you won't see defined pensions. My company was one of them. Not more then two years after I retired, our defined pension was closed to new hires. They would have 401-K's
     
  3. LangleyMan

    LangleyMan Well-Known Member

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    Oh?

    "Given that less than 13 percent of Americans have pensions — though as recently as 25 years ago, that figure was 38 percent — and, for millions of U.S. workers, 'the grand 401(k) experiment has been a failure,' how will seniors cope? Some expect to rely more on Social Security, Gallup reports, though that was always intended to be a supplement, not a primary source of income."

    https://www.cnbc.com/2017/06/13/her...have-nothing-at-all-saved-for-retirement.html
    Yep--it's all part of saving money.
    We'll see what happens in the future. We may see the gradual demise of both pensions and 401(k)s.
     

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