Economic Crisis Scrambles Retirement Math
Mark Trumbull, The Christian Science Monitor: "The recession has pushed retirement further out on the horizon for millions of Americans - and is putting severe strain on the 401(k) model of retirement saving. If that wasn't already clear, a bout of stock market selling early this week brought the challenge into sharp relief, as the Standard & Poor's 500 index closed at a level not seen since 1996, down more than 50 percent in 17 months. Coupled with huge losses of home equity in the housing market, the result is a historic decline in net worth for US households."
http://www.truthout.org/030709D
http://freepage.twoday.net/search?q=economic+crisis
http://freepage.twoday.net/search?q=recession
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http://freepage.twoday.net/search?q=Mark+Trumbull
http://www.truthout.org/030709D
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http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=retirement
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rudkla - 7. Mär, 22:15