This report compares the retirement assets of top CEOs with those of all African-American, Latino, female-headed, and white working class households.
– Just 100 CEOs have company retirement funds worth $4.7 billion — a sum equal to the entire retirement savings of the 41 percent of U.S. families with the smallest nest eggs…..
– On average, the top 100 CEO nest eggs are large enough to generate for each of these executives a $253,088 monthly retirement check for the rest of their lives…..
– With nearly $3 billion in special tax-deferred accounts, Fortune 500 CEOs stand to gain enormously from Trump’s proposed tax cuts on top earners…..
– The retirement asset gap between CEOs mirrors the racial and gender divides among ordinary Americans…..
Saving for Retirement Is a Struggle—Unless You’re a CEO
Source: Alexander Sammon, Mother Jones, December 16, 2016
A hundred execs have as much retirement savings as 116 million Americans combined.