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February 15, 2017 07:42 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/W59xkNsJQ_Q/in-the-us-and-uk-retirement-i.html
In the US and UK, retirement is only for the super-rich
Since the neoliberal reforms of the Reagan era; the rollback of trade unions; the elimination of defined-benefits pensions (in favor of "market-based" SIPPs and 401(k)s); the termination of national minimum wage increases and real earnings collapse for working people; the finance-industry fraud that stole so many working peoples' homes during and after the subprime bubble; the massive increases in healthcare costs, the possibility of retiring after 45 or 50 years in the workforce has been snuffed out for nearly everyone. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/W59xkNsJQ_Q/in-the-us-and-uk-retirement-i.html
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