Retirement Inequality

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Income inequality is going to hit tomorrow’s retirees hard

One of the mysteries of personal finance has been the disconnect between the income inequality afflicting the working public and the claims by fiscal conservatives that most people's retirement lifestyles will be perfectly comfortable. A recent postĀ on the Squared Away blog of Boston College's authoritative Center for Retirement Research solves the mystery. There is no

Think Income Inequality Is Bad? Retirement Inequality May Be Worse.

For years, salon owner Luke Huffstutter, of Portland, Ore., wanted to offer his employees a way to save for retirement. CostsĀ  were too steep for the small company, though, and few employees took the initiative to set up 401(k) plans on their own. But last summer, Oregon launched a retirement savings program that automatically enrolls