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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (14370)	6/26/2009 5:28:05 AM
From: puborectalis	Read Replies (5) \| Respond to of 103300

only 57.7% of U.S. workers have some kind of retirement plan. The rest are counting on other savings and/or Social Security. And that’s a problem, because according to the latest data from the Employee Benefit Research Institute, half of workers ages 55 and older have less than $50,000 saved. The bear market isn’t helping. From the start of 2008 through the first four months of this year, 401(k) account balances for workers ages 55 to 64 fell an average of 10% to 20%.

To: GROUND ZERO™ who wrote (14370)	6/26/2009 5:31:12 AM
From: puborectalis	1 Recommendation Read Replies (1) \| Respond to of 103300

Edmund Phelps, winner of the Nobel Prize in economics in 2006 and a professor at Columbia University in New York, said it may take as long as 15 years for households to rebuild what they lost in the recession. “The only way we’re going to get a healthy, full recovery is over a long period of time, involving households rebuilding their balance sheets,” Phelps said in an interview on June 22 with Bloomberg TV. “There’s no silver bullet that’s going to get us into good shape quickly.”