In another sign of just how bad our nation is treating the working class - a new study by the Employee Benefit Research Institute shows that most Americans today will have to work until their late seventies - before they can think about retiring.
According to the study - If you make roughly $31,000 a year - which is about the average for 40% of Americans - and more than twice minimum wage - you'll have to work until you're 76-years-old just to have a chance at retiring. And I say chance because even if you do work until 76 - you still only have a fifty-fifty shot at having enough money to live off in retirement - a fifty-fifty chance IF you don't get sick - IF your house isn't blown away in a tornado - or IF you're pension isn't stolen by banksters on Wall Street.
This Republican idea of forcing Americans to work until they die is unacceptable - this isn't a death camp"this is the United States of America. Let's rebuild the middle-class - and take care of our elderly.
Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War Against the Middle (more...)