To the Point
The 401(k) and America's Retirement Future
America's population is aging, but retirement won't be what it used to. More than half the current work force won't be prepared. Are workers themselves to blame?
By Warren Olney • • 51m ListenAmerica's population is aging, but retirement won't be what it used to. Research shows that more than half the current work force won't be prepared. Are workers themselves to blame? Can they go it alone with 401(k)'s? Whatever happened to pensions? Also, the US will aid the Syrian opposition, but it will be less than expected. On Reporter's Notebook, the papacy has ended for Benedict XVI.
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In this episode
3 storiesUS Will Aid Syrian Opposition, but It's Less than Expected
Today, for the first time, the US promised direct aid to the Free Syrian Army in the struggle against President Bashar al-Assad. Speaking in Rome, Secretary of State John Kerry announced an immediate additional $60 million "in non-lethal assistance to support the coalition in its operational needs."
Read the story8 minAmerican Workers and the Retirement Squeeze
For the first time since the New Deal, retiring Americans will be worse off than their parents, and it's not just because of the Great Recession. Guaranteed pensions have been replaced by 401(k)'s -- but they make more for the financial industry than they do for retirees.
Read the story35 minThe Pope's Last Day
Benedict XVI is now the first Pope to resign his office in 600 years. The Pope Emeritus left the Vatican by helicopter today and flew to the summer residence, Castel Gondolfo, where he addressed a crowd from his balcony.
Read the story8 min
