Document Type
Article
Publication Date
3-5-2018
Publisher
New York Times
Abstract
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 yet states and cities are busy converting traditional pensions into these failing 401(k)s or equivalents, to the great benefit of money managers and the finance class.
Recommended Citation
David H. Webber,
The Real Reason the Investor Class Hates Pensions
,
in
The New York Times
(2018).
Available at:
https://scholarship.law.bu.edu/shorter_works/124
SSRN URL
https://ssrn.com/abstract=3885967
Publisher URL
https://www.nytimes.com/2018/03/05/opinion/investor-class-pensions.html
