“A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found. Three in five workers with defined contribution accounts are ‘debt savers,’ according to the report released Thursday, meaning their increasing mortgages, credit card balances and installment loans are outpacing the amount of money they are able to save for retirement.”
http://www.thedailybell.com/news-analysis/34694/Let-Our-Debt-Scrub-Our-Brains/
Related posts:
Where Is He Now?
Media Seeks Answers To General Solicitation
Paul Craig Roberts: Gangster State US/UK
Tighter Gun Laws Will Leave Libertarians Best-Armed Of All
Bill Bonner: Are We Approaching a “Second Coming” For Gold?
Trump and the Deep State: Is Everyone Getting It Wrong?
Biden connects with his homies
The Nunes Memo Matters—But Not For the Reason You Think
Tax Hikers Are Getting More Open about Targeting the Middle Class
Do We Really Want a Cold War II?
Paul Craig Roberts: Pussy Riot, The Unfortunate Dupes of Amerikan Hegemony
More on Default
How US policy in Honduras set the stage for today’s mass migration [2016]
Major Losses Expected for Pork Industry
An Anti-Semitic American Law Created the State of Israel, and a Whole Lot of Trouble