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The retirement gap (Teresa: "I'm secure, and you're not!")
The Boston Glob ^ | 10/08/05 | Teresa Heinz

Posted on 10/10/2005 6:58:31 AM PDT by bitt

A LIFETIME of hard work should bring economic security -- income sufficient to raise a family, and resources to enjoy a retirement earned over many working years. It is troubling that as far off as this goal seems to millions of American men, it is even further off for America's working women, especially in the area of retirement security.

Even as families become more dependent than ever on second incomes, and the number of women as sole providers grows, women still earn less money than men; women are less likely to have a pension than men; and women are less able to contribute to 401(k)s and similar self-funded plans than men

Women's status today as second-class economic citizens has deep roots. It wasn't until the early 1900s that the doors of opportunity began to open for American women. Pioneers like Mary Lyon, founder of Mt. Holyoke College, blazed pathways for girls in education. Jane Addams and Ellen Gates Starr, founders of Hull House, started the settlement house movement and enabled thousands of women to find permanent and fulfilling employment as social workers. Our circles of opportunity grew wider still as working-class women formed unions to protect their coworkers in textile mills and other factories.

As unions fought for more organized work places, as America's men marched to war to fight Hitler and Imperial Japan, and as the postwar economic boom transformed our society, more and more women entered the US labor force. The doors of many more professions, including industrial workplaces, were opened to women. Stories like that of Justice Sandra Day O'Connor, whose Stanford law degree was viewed by the 1950s legal establishment as an expensive ticket to the typing pool, but who earned a place on the nation's highest bench, became common.....

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Front Page News; Government; Miscellaneous; News/Current Events; Philosophy; Politics/Elections
KEYWORDS: kerry; moneybags; teresa; teresaheinz
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To: bitt
Heinz said: "A LIFETIME of hard work should bring economic security ..."

Since the premise is flawed, I decided not to bother with the rest of the article.

It takes a lot more than just hard work to have economic security in later life. Sensible spending coupled with an agressive savings plan are essential.

41 posted on 10/10/2005 8:11:07 PM PDT by William Tell
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To: bitt
A LIFETIME of hard work should bring economic security -- income sufficient to raise a family, and resources to enjoy a retirement earned over many working years.

As IF the bwitch has ever worked a day in her life. How the heck would she know. Raised a child of privilege, and married into a life of luxury. She knows NOTHING about hard work!

42 posted on 10/10/2005 8:16:43 PM PDT by NRA2BFree
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To: devolve

LOL, are you trying to make them 'squatty'??


43 posted on 10/10/2005 8:34:03 PM PDT by potlatch (Does a clean house indicate that there is a broken computer in it?)
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To: potlatch


No need

They are already "squatty"


44 posted on 10/10/2005 9:11:45 PM PDT by devolve (----------------------- ( -- under deconstruction -- ) -----------------------)
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