The Retirement Deficit

The Retirement Deficit

Deck the halls, this holiday season, with scenes of hunger. Struggling families all across America now have less food on their tables. Budget cuts that kicked into effect November 1 have lowered the nation’s average federal food stamp benefit to less than $1.40...
CEOs Against Grandmas

CEOs Against Grandmas

David Cote, the CEO of Honeywell, has more than $134 million in his personal retirement fund. If I were sitting on a nest egg that big, I might feel a bit sheepish about telling ordinary grandmas and grandpas to take a cut in their Social Security payments. But Cote —...
Grand Bargain or Raw Deal?

Grand Bargain or Raw Deal?

Following the government shutdown drama, politicians in Washington appear hopelessly divided, according to conventional wisdom. Fair enough. But there’s at least one area where many politicians from both of the major parties agree — and many of the TV talking...
Taking Stock of the Most Affluent Among Us

Taking Stock of the Most Affluent Among Us

How unequal have workplaces in the United States become? Our best answer happens to come from a source you might not expect: the Social Security Administration. Social Security statisticians each year tally up how much compensation gets reported on W-2s, the forms...