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Who killed global capitalism?
A "lost decade" for stocks? The "high water mark" of financial deregulation? Who pulled the trigger?
Andrew Leonard [2008-03-26]

  • social security stock investments

    Social security might not be in stocks, but most people's 401Ks are. Lets face facts, with the rising cost of fuel and food, retirees need far more than the paltry SS cheques.

    Few companies offer pensions, and for my generation SS will probably be a fuzzy memory by the time I'm retirement age (an age which seems to keep getting pushed up, funnily enough). All I'll have is a 401K (and my Australian superannuation... same thing as a 401K).

    So, yeah, stock crashes aren't so good for the shuffle-board set either. Especially if they were planning on living off something other than baked beans in a can for the next year.

    -- Rowyna
    [Read Rowyna's other letters]
    Wednesday, March 26, 2008 06:54 PM
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