The focus on 401ks has destroyed the retirement for millions of Americans over the last generation

Source: MyBudget360.com
August 28, 2016

Over the last generation there has been a shift from pensions to do it yourself 401k plans.  The idea was pitched during a time when the stock market was in a bull run and Wall Street was excited to open up additional streams of revenue.  But now a generation later, the results are rather clear.  The 401k has simply not lived up to the promise for millions of Americans.  Where pensions had a forced saving mechanism, the 401k with absurd fees, buffet style choices, and complicated structures simply kept many Americans out of the system from investing.  This also meant decades of lost compounding and now that millions are entering retirement, they are looking at paltry nest eggs.  How did the 401k destroy retirement for millions of Americans?

The 401k fantasy versus reality

The big advantage of traditional pensions was that it was automatic.  People had a set amount yanked out and it was managed by professionals.  Most had to participate in this plan and in the end, it allowed for a nice amount to accumulate.  But the 401k was opt-in for many and the litany of options left many Americans out in the dark.  The results are terrible especially for Americans with less education:

401k participation

For those with less than a high school education, about 30 percent participate in a 401k or pension.  For those with a high school education, it rises to near 50 percent.  But keep in mind that most Americans do not have a college degree.  And many that do get a college degree are then in a position of being mired in deep student debt.

The problem is that as a working career ends, the chance to save money becomes more difficult as costs rise in areas like healthcare.  Social Security has become the default backup and the primary source of retirement income for millions of Americans.

Here are some figures:

1980:                     38 percent of private sector had a pension

19 percent had a 401k

Today:                  15 percent of private sector have a pension

43 percent have a 401k

This shift has resulted in many Americans being completely ill prepared for retirement.  During a record stock market run from the 1980s to today, many Americans don’t even own one stock.  The typical 401k for those that actually have one is ridiculously low.  This is why many people are now on the new retirement model: working until you die.

So set aside that most don’t even have a 401k.  How are people doing when they do have a 401k?

401-k-balance

The median amount for those 55 to 64 is $76,381.  That is not much when you consider one health problem in the hospital for a few days can wipe out that entire amount in one swing.  And keep in mind the above table is for people that actually utilize the 401k which is a minority.

In the end, the 401k simply did not have the intended impact and people would have been better off with a pension like forced savings.

Read More At: MyBudget360.com

THE BOOMER RETIREMENT MEME IS A BIG LIE

Source: TheBurningPlatform
Jim Quinn
April 4, 2016

As the labor participation rate and employment to population ratio linger near three decade lows, the mouthpieces for the establishment continue to perpetuate the Big Lie this is solely due to the retirement of Boomers. It’s their storyline and they’ll stick to it, no matter what the facts show to be the truth. Even CNBC lackeys, government apparatchiks, and Ivy League educated Keynesian economists should be able to admit that people between the ages of 25 and 54 should be working, unless they are home raising children.

In the year 2000, at the height of the first Federal Reserve induced bubble, there were 120 million Americans between the ages of 25 and 54, with 78 million of them employed full-time. That equated to a 65% full-time employment rate. By the height of the second Federal Reserve induced bubble, there were 80 million full-time employed 25 to 54 year olds out of 126 million, a 63.5% employment rate. The full-time employment rate bottomed at 57% in 2010, and still lingers below 62% as we are at the height of a third Federal Reserve induced bubble.

ScreenHunter_55 Apr. 05 07.52.jpg

Chart via econimica

Over the last 16 years the percentage of 25 to 54 full-time employed Americans has fallen from 65% to 62%. I guess people are retiring much younger, if you believe the MSM storyline. Over this same time period the total full-time employment to population ratio has fallen from 53% to 48.8%. The overall labor participation rate peaked in 2000 at 67.1% and stayed steady between 66% and 67% for the next eight years. But this disguised the ongoing decline in the participation rate of men.

In 1970, the labor participation rate of all men was 80%, while the participation rate of women was just below 43%. Then Nixon closed the gold window, setting in motion a further debasing of the currency, unleashing politicians to promise voters goodies without consequences, and giving Wall Street bankers and Madison Avenue free rein to use propaganda to bury Americans in debt, while convincing them trinkets and baubles were actually wealth.

Continue Reading At: TheBurningPlatform.com

Breakaway Links Of The day – 4/4/2016

Breakaway

TheBreakaway
Zy Marquiez
April 4, 2016

Today, Jim Quinn from TheBurningPlatform pens a rather remarkably in-depth view into the issue with official retirement and economic numbers, and Jay Dyer from JaysAnalysis.com gives a rather lengthy and trenchant interview in which he covers many aspects of False Flags, Predictive Programming, Numerology, and many other esoteric subjects.

Oh, and eugenicist/depopulationist Bill Gates is mired in controversy again.  For those that don’t know, he once stated:

“The world today has 6.8 billion people… that’s headed up to about 9 billion. Now if we do a really great job on new vaccines, health care, reproductive health services, we could lower that by perhaps 10 or 15 percent.”

That’s about a Billion people.  Disturbing, isn’t it?  And all in plain sight.

Hope everyone had a great weekend.

What The Mainstream News Isn’t Saying About Vaccine Autism Studies
[Source: Sharyl Attkisson]

Mossack Fonseca: The Nazi, CIA & Nevada Connections..And Why It’s Now Rothschild’s Turn
[Source: ZeroHedge]

How to make a gas mask
A Marine features how to make a home made gas mask in case of an emergency.
[Source: BlackScoutSurvival]

Jay Dyer On The Brussels Attack, Predictive Programming Numerology & EU Babel
Bookmark this, and listen to this when you have time.  Its quite lengthy, but chock-full of information that most people don’t know regarding many abstruse subjects not covered by the mainstream press.
[Source: Jay Dyer]

Boost Your Immunity With These Supplements
[Source: iHealthTube]

The Repeated Circle Of Lies Against Andrew Wakefield All Trace Back To Bill Gates, Proponent Of Global Depopulation & Genocide Against Humanity
Bill Gates tentacles are again involved in massive propaganda.
[Source: NaturalNews]

The Boomer Retirement Meme Is A Big Lie
This is truly a must-read.
[Source: TheBurningPlatform]