At around 4/8/06 1:48 pm, Doug Henwood wrote:
>
> That's an exaggeration - about half of all U.S. households have a
> retirement account, with a median value in 2004 of $35,000. The share
> is higher for "boomers" - about 60%, with a median value around
> $70,000. Not a lot, but considerably more than nothing.
>
I am curious: what does retirement account mean here? 401k? Or a company
pension? Something else? If it is in any way controlled by the employer
there is the possibility that it is either under-funded or poorly
invested (from the perspective of the employee).
--ravi
--
Support something better than yourself: ;-)
PeTA: http://www.peta.org/
GreenPeace: http://www.greenpeace.org/
If you have nothing better to do: http://platosbeard.org/
