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America's Retirement Crisis

By       Message Stephen Lendman       (Page 1 of 8 pages)     Permalink    (# of views)   9 comments

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America's Retirement Crisis

by Stephen Lendman

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Crisis conditions exist.

Decades of class war leaves most Americans nearing retirement woefully unprepared.

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Since the mid-1970s, real wages haven't kept pace with inflation. Benefits steadily eroded. High-paying jobs disappeared. Improved technology forces wage earners to work harder for less. 

So-called "free" markets work only for those who control them. A handful of winners benefit at the expense of most others. Conditions get progressively worse.

Wealth disparity extremes are unprecedented. Neoliberal harshness force-feeds austerity when stimulus is needed. Public needs go begging.

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American inequality is institutionalized. Bipartisan complicity assures it. Class war rages. America's social contract is targeted for destruction.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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