It’s Tough to Save When Ends Barely Meet
Did anyone besides myself note the irony of your two side-by-side headlines: “More Workers Ignoring Savings Benefits of 401(k)s” and “Seeking Shortcuts to Wealth May Only Leave You Poorer” (Oct. 24)?
The first decried the national decline in 401(k) participation, but failed to point out what is obvious to any American worker: We are feeling the squeeze from reduced job opportunities, flat wages, unpaid overtime and disappearing health benefits. We save less because we have less discretionary income.
The second suggested the underlying cause of our economic malaise. With America’s best and brightest caught up in the never-ending quest for a fast buck, responsible investing has gone by the board.
The poor, like our children, are left further behind every day.
Brett Miller
Irvine
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