Reality intrudes in Europe - I've often written that the European social contract is a crystal ball into the future of entitlements in America. Generous benefits bestowed during boom times simply cannot be sustained in the face of slow growth and demographic shifts. So color me unsurprised to see this article in the NY Times: "
Crisis imperils liberal benefits long expected by Europeans." Should have opened a 401(k).
1 comment:
Sorry, 401K's are not going to help.
Governments, including in the US, need money, lots of it, to meet its over-promises.
Where is the money? Why, 401Ks!
As one of our infamous robbers replied when asked why he robbed banks, "Because that's where the money is."
Research GRA's when you have a few minutes.
Don't count on your 401Ks yet.
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