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James W. Russell

Social Insecurity

401(k)s and the Retirement Crisis

Ebook (EPUB Format)

How 401(k)s have gutted retirement security, from charging exorbitant hidden fees to failing to replace the income of traditional pensionsNamed one of PW's Top 10 for Business & Economics A retirement crisis is looming. In 2008, as the 401(k) fallout rippled across the country, horrified holders watched 25 percent of their funds evaporate overnight. Average 401(k) balances for those approaching retirement are too small to generate more than $4,000 in annual retirement income, and experts predict that nearly half of middle-class workers will be poor or near poor in retirement. But long before the recession, signs were mounting that few pe… Mehr

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Produktdetails


  • ISBN: 978-0-8070-1257-4
  • EAN: 9780807012574
  • Produktnummer: 15730178
  • Verlag: Beacon Press
  • Sprache: Englisch
  • Erscheinungsjahr: 2014
  • Seitenangabe: 224 S.
  • Plattform: EPUB
  • Masse: 2'129 KB

Über den Autor


James W. Russell is the author of eight books, including Double Standard: Social Policy in Europe and the United States. An authority on retirement policy in the United States, Europe, and Latin America, Russell led one of the first employee movements to successfully challenge the dominant trend and replace a 401(k)-like plan with a more secure traditional pension plan. He has taught at universities in the United States and as a Fulbright professor in Mexico and the Czech Republic. He lives in Storrs, Connecticut.

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