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<blockquote data-quote="MAKAVELI" data-source="post: 2928206" data-attributes="member: 43825"><a href="https://www.theatlantic.com/business/archive/2015/10/the-recession-hurt-americans-retirement-accounts-more-than-everyone-thought/410791/" target="_blank">The Recession Hurt Americans&#039; Retirement Accounts More Than Anybody Knew</a>100% is fantasyland for the majority of middle class Americans. The way American retirement accounts are set up suggests that an increasing number of workers, including those squarely in the middle class, will experience downward mobility in retirement. Of the 18 million workers aged between 55 and 64 in 2012, <a href="http://www.economicpolicyresearch.org/images/docs/retirement_security_background/GRA_3.0.pdf" target="_blank">4.3 million</a> will be poor or near poor by the time they’re 65. And if current trends continue between 2013 and 2022, the number of poor or near-poor 65-year-olds <a href="http://www.economicpolicyresearch.org/images/docs/retirement_security_background/GRA_3.0.pdf" target="_blank">will increase by 146 percent</a>. These numbers are unlikely to change as long as retirement accounts are exposed to the fluctuations of financial markets and their uneven recoveries.There is a fix: A <a href="http://www.retirement-usa.org/re-envisioning-retirement-security-guaranteed-retirement-account-plan" target="_blank">guaranteed-retirement account</a>would invest workers&#039; retirement contributions in pooled accounts that guarantee a stable rate of return, immune from the ups and downs of the market. This stability heads off the possibility of becoming old and poor just because someone is the wrong age at the wrong time in market cycles. And it’d be a great improvement over the current system.</blockquote>

[QUOTE="MAKAVELI, post: 2928206, member: 43825"] [URL="https://www.theatlantic.com/business/archive/2015/10/the-recession-hurt-americans-retirement-accounts-more-than-everyone-thought/410791/"]The Recession Hurt Americans' Retirement Accounts More Than Anybody Knew[/URL] 100% is fantasyland for the majority of middle class Americans. The way American retirement accounts are set up suggests that an increasing number of workers, including those squarely in the middle class, will experience downward mobility in retirement. Of the 18 million workers aged between 55 and 64 in 2012, [URL='http://www.economicpolicyresearch.org/images/docs/retirement_security_background/GRA_3.0.pdf']4.3 million[/URL] will be poor or near poor by the time they’re 65. And if current trends continue between 2013 and 2022, the number of poor or near-poor 65-year-olds [URL='http://www.economicpolicyresearch.org/images/docs/retirement_security_background/GRA_3.0.pdf']will increase by 146 percent[/URL]. These numbers are unlikely to change as long as retirement accounts are exposed to the fluctuations of financial markets and their uneven recoveries. There is a fix: A [URL='http://www.retirement-usa.org/re-envisioning-retirement-security-guaranteed-retirement-account-plan']guaranteed-retirement account[/URL]would invest workers' retirement contributions in pooled accounts that guarantee a stable rate of return, immune from the ups and downs of the market. This stability heads off the possibility of becoming old and poor just because someone is the wrong age at the wrong time in market cycles. And it’d be a great improvement over the current system. [/QUOTE]

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