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Paycheck to Paycheck: Don’t Get Fired!

Written by Gary North on April 18, 2015

paycheck

Thrift? What’s that? This is the outlook of most Americans. It affects even the high-income crowd. Even wealthier Americans are struggling to save enough for retirement, according to a new survey. The report, released Thursday by SunTrust, found that even among households with incomes of $75,000 or more, roughly a third live paycheck to paycheck […]

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State Pension, Septuple-Dipping: $176,000

Written by Gary North on April 11, 2015

state-pension-numbers

The man would take it if he were not earning over $278,000 a year. As a municipal court judge in Toms River, Damian G. Murray was paid $64,000 last year to hear cases about traffic violations, neighborhood complaints and minor fist fights. But add in six other towns, all paying him between $11,000 and $54,000, […]

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Salaried Women Over 50 Plan Not to Retire

Posted on April 7, 2015

no-retirement

By Kerry Hannon When I ask my working girlfriends when they plan to retire, or if they plan to retire, I usually get a quizzical look — and then a shrug. Most of them are in their 50s and 60s and they all seem to think the notion of not working for pay is rather […]

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401(k) for Dummies: Smashed Dreams

Written by Gary North on March 24, 2015

401(k)

Most Americans have no retirement funds. They plan to live on Social Security. This is Social Security for dummies. Then there are the upper 20% of Americans. They also thought they had an answer: the 401(k). They were wrong. How badly were they wrong? This badly. You need to know this number: $18,433.That’s the median […]

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Kiss Retirement Goodbye

Written by Gary North on March 5, 2015

no-retirement

The New York Times has sounded the alarm. Word is getting out to the intellectuals. It is not getting out to the general public. Here is reality: Here is something every non-rich American family should know: The odds are that you will run out of money in retirement. On average, a typical working family in […]

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401(k): Methadone for the Middle Class

Written by Gary North on February 6, 2015

methadone

Methadone is a legal drug that is taken by former heroin addicts. It eliminates the “rush” that heroin offers, but it also eliminates withdrawal symptoms. It lets heroin addicts escape the need to buy the expensive illegal drug. Methadone is for heroin addicts who just cannot bring themselves to go cold turkey from an addictive […]

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Tax Hikes Needed to Pay for Pensions/Health

Posted on December 24, 2014

tax-hikes

The city of Lebanon, Pennsylvania just passed a budget that contains a 28 percent tax increase. . . Lancaster’s pension obligations have increased by 228 percent since 2006. That year, city pension obligations amounted to $1.9 million, covered almost entirely by the state. For 2015, the obligations will be $6.4 million — nearly $4 million […]

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