The shift from pensions to 401(k) plans is making retirement inequality much worse — and education is what separates the haves from the have-nots, a new study has found. College graduates have always been able to get better jobs. What’s new in recent decades is that traditional pensions have all but vanished, replaced by 401(k)-style plans. In 1980, 38 percent of private sector workers had a pension and 19 percent a 401(k).
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Sat, 08/27/2016 - 11:18pm
Topics: u.s department labor university kansas changhwan kim social security administration christopher tamborini american sociological association s w-2 americans workers that s social security financial related articles uber secure choice retirement savings program college kim social security tamborini as the percent plans school graduates high save contribute educated jobs study investments education hold pension advantage offered plan automatic sign challenges amount number income degree offer participate median private lawmakers sector shift traditional state year degrees diploma similar authors aren surveys researchers graduate pensions levels extra gap earnings paperwork making employers
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