The End of Retirement

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The End of Retirement
Teresa Ghilarducci via Monthly Review

[Opinion]
May 16, 2006

Excerpt: Scarcely a day passes without a new pension nightmare: Social Security privatization, pension terminations by corporations that are household names (such as Delphi and United Airlines), household saving reaching another new low, canceled retiree health benefits, and 401(k) accounts becoming '201(k)s' while replacing traditional pensions.

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