End of Retirement

Source: Donald L. Barlett and James B. Steele, Investigative Reporting Workshop, August 12, 2012

Pensions were once an integral part of the American dream, a pledge by corporations to their employees: For your decades of work, you can count on retirement benefits. Not everyone had a pension, but from the 1950s to the 1980s, the number of workers who did rose steadily — until 1985. Since then, more and more companies have walked away from pensions. Before today’s workers reach retirement age, decisions by Congress favoring moneyed interests will drive millions of older Americans — most of them women — into poverty and push millions more to the brink.

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