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The 401(k) Crisis Is Getting Worse
Bloomberg Link to more items from this source
Oct. 21, 2015
"Those most vulnerable include both millennials at startups and managers in their 40s and 50s who've gone from corporate jobs with benefits to small businesses without them.... 'The current 401(k) system was designed for a workplace that doesn't exist for most people: lifetime careers at big corporations that offer benefits,' says Teresa Ghilarducci, an economist at the New School who researches retirement policies. 'Saving consistently -- which you need to do for just a modest retirement income -- isn't remotely likely.' "

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